13. Additional procedures for ongoing due diligence

{b)

closely examining the transactions carried out in order to ensure that such transactions are consistent with their knowledge of their customer, the customer's commercial or personal activities and risk profile;

and

[2)

A financial institution or designated non-financial business and professions shall apply the identification and verification requirements of this

Part, to customers and beneficial owners with which it had a business relationship at the time of the coming into force of this Order on a risk-sensitive basis depending on the type and nature of the customer, business relationship, product or transactions, or as may otherwise be prescribed by the Minister or

Authority, as the case may be, by regulations.

Record keeping procedures.