Section 20, Terrorism Act, 2012

(1) A reporting entity shall collect sufficient informationabout the intended use, nature and purpose of each customer account so that it generally understands the size and kinds of expected transactions, so as to have sufficient basis for identifying transactions as required in sections 41 and 42. (2) The information collected under subsection (1) shall be sufficient to enable the reporting entity to– (a) verify the identity of the person executing the transaction whether it is on the person's own behalf or on behalf of another person ; (b) verify the person who controls the account.