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How much information can be collected for AML/CTF purposes?

AML collected CTF purposes
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10 Posted

How much information can be collected for AML/CTF purposes?

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10

When collecting personal information about individuals, reporting entities should limit their collection to what is necessary based on the transaction and their AML/CTF obligations. For example, in many cases the collection of personal information may be limited to minimum Know Your Customer information. Additional information should not be collected in anticipation of a future use or need.

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