Section 24, Terrorism Act, 2012

(1) Where there are doubts or suspicion of moneylaundering or financing of terrorism, verification of customer identity is required regardless of the amount of the transaction. (2) If there are no doubts or suspicions of money laundering or terrorist financing, verification of customer identity is required for the following transactions regardless of whether the customer has an existing business relationship with the reporting person or entity:– (a) any financial transaction in a casino (in cash or other form) when a customer opens an account or executes a financial transaction in an amount equal to or above the equivalent of five million Leones or its equivalent in foreign currency; (b) any cash transaction with a dealer of precious metals or precious stones in which the dealer receives a payment from a customer in an amount of twenty million Leones or more or its equivalent in foreign currency; and (c) any transaction (in cash or other form) involving the purchase or sale of real estate which is in an amount equal to or greater than thirty million Leones or its equivalent in foreign currency.