Section 34, Terrorism Act, 2012

(1) Subject to subsection (2), when undertaking wiretransfers equal to or more than three million Leones or its equivalent in foreign currency, a reporting entity shall– (a) identify and verify the identity of the originator; (b) obtain and maintain the account number of the originator or in the absence of an account number a unique reference number; (c) obtain and maintain the originator's address or, in the absence of the address, the national identity number or date and place of birth; (d) include the information in paragraphs (a) to (c) in the message or payment form accompanying the transfer. (2) A financial institution is not required to verify the identity of a customer with which it has an existing business relationship, if it is satisfied that it already knows and has verified the true identity of the customer. Special monitoring of certain transactions. Obligations regarding wire transfers. 42 43 (3) Subsections (1) and (2) do not apply to transfers executed as a result of credit card or debit card transactions, if the credit card or debit card number accompanies the transfer resulting from the transaction: nor do they apply to transfers between financial institutions acting for their own account. (4) If the institutions referred to in this section receive wire transfers that do not contain the complete originator information required, they shall take measures to obtain and verify the missing information from the ordering institution or the beneficiary; but if they do not obtain the missing information they shall refuse acceptance of the transfer and report the matter to the Unit. (5) When a financial institution acts as an intermediary in a chain of payments, it shall re-transmit all of the information it received with the wire transfer. (6) The competent supervisory body may, by statutory instrument make regulations to modify the requirements set out in subsections (1) to (5)– (a) with respect to domestic wire transfers, as long as the regulations provide for full originator information to be made available to the beneficiary financial institution and appropriate authorities by other means; and (b) with respect to cross-border transfers where individual transfers from a single originator are bundled in a batch file, as long as the regulations provide for the originator's account number or unique reference number to be included, and that the batch file contains full originator information that is fully traceable in the recipient country.