Section 4, The Anti-Money Laundering Act, 2005

(1) Every financial institution shall verify the identity andaddress of every customer before opening ordinary accounts or passbooks, taking into safe custody stocks, bonds or other securities, or granting safe-deposit facilities or engaging in any other similar business transaction. (2) In the case of an individual customer, the identity shall be verified by the presentation of an original international passport, driving licence, national identity card or such other official document bearing his photograph, a copy of which shall be retained by the financial institution, and the address shall be verified by the presentation of a document capable of providing proof thereof. (3) In the case of a customer which is a body corporate, the identification shall be by the production of its memorandum and articles of association and of any document establishing that it has been lawfully registered and that it is actually in existence at the time of the identification, a copy each of which documents shall be retained by the financial institution. (4) Where the customer is an individual delegated as a director, employee or agent to enter into transactions on behalf of third parties, he shall produce the documents referred to in subsection (2) as well as documents authenticating the identity and addresses of the beneficial owners.