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Amendment of section 33 of Act of 2010
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6 . Section 33(1) of the Act of 2010 is amended by the substitution of the following for paragraph (c):
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“(c) prior to carrying out any service for the customer, if, having regard to the circumstances, including—
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(i) the customer, or the type of customer, concerned,
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(ii) the type of any business relationship which the person has with the customer,
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(iii) the type of service or of any transaction or product in respect of which the service is sought,
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(iv) the purpose (or the customer’s explanation of the purpose) of the service or of any transaction or product in respect of which the service is sought,
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(v) the value of any transaction or product in respect of which the service is sought,
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(vi) the source (or the customer’s explanation of the source) of funds for any such transaction or product,
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the person has reasonable grounds to suspect that the customer is involved in, or the service, transaction or product sought by the customer is for the purpose of, money laundering or terrorist financing, or”.
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