Regulations Governing Anti-money Laundering of Agricultural Financial Institutions Article 4

If there exists any of the following situations in the CDD process, an agricultural financial institution should decline to establish business relationship or carry out any transaction with the customer:1. The customer is suspected of opening an anonymous account or using a fake name, a nominee, a shell entity, or a shell corporation to open an account;2. The customer refuses to provide the required documents for identifying and verifying his/her identity;3. Where a customer opens an account through an agent, it is difficult to check and verify the facts of agency and identity related information;4. The customer uses forged or altered identification documents;5. The customer only provides photocopies of the identification documents; the preceding provision does not apply to for businesses where a photocopy or image file of the identification document supplemented with other control measures are acceptable;6. Documents provided by the customer are suspicious or unclear, or the customer refuses to provide other supporting documents, or the documents provided cannot be authenticated;7. The customer procrastinates in providing identification documents in an unusual manner;8. The customer is an individual, legal entity or organization sanctioned under the Terrorism Financing Prevention Act or a terrorist or terrorist group identified or investigated by a foreign government or an international anti-money laundering organization, except for payments made under Subparagraphs 2 ~ 4, Paragraph 1, Article 6 of the Terrorism Financing Prevention Act; or9. Other unusual circumstances exist in the process of establishing business relationship and the customer fails to provide reasonable explanations.