Section 32, Terrorism Act, 2012

(1) Reporting entities shall exercise ongoing due diligencewith respect to the business relationship which include– (a) maintaining current information and records relating to the customer and beneficial owner; (b) closely examining the transactions carried out in order to ensure that the transactions are consistent with their knowledge of the customer, the customer's commercial or personal activities and risk profile; and Financial institutions and money transaction service providers to include originator Ongoing due diligence. 40 41 (c) ensuring that the obligations under sections 27 and 28 relating to high risk customers, politically-exposed persons, and correspondent banking relationships are fulfilled.