Implementation Guidance Ep 200 Ig 2 - Anti-Money Laundering And Countering The Financing Of Terrorism - Institute Of Singapore Chartered Accountants Page 37
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47EP 200 IG 2
FORM C
(POLITICALLY EXPOSED PERSON / PEP)
FOR OFFICE USE
1.
The need for enhanced due diligence on the source of wealth
Yes / No
and funds to relevant documents has been considered, as per
the professional firm’s policies and procedures.
2.
Document results based on the consideration in (1) above.
Yes,
Document
required /
supporting
No, not
assessment and
required
conclusion
3
If enhanced due diligence on source of wealth and funds has
Yes / No /
Annex 3 provides
NA
an example of
been assessed as required, perform the due diligence as
template which
required under the professional firm’s policies and procedures;
may be used
and document the work performed and results.
Note: If such as client, any beneficial owner or any person acting
on behalf of the client is observed to have significant wealth, or
significant amounts of money is involved and linked to those
persons (e.g. transactions or formation of company involving
substantial money), the professional firm should consider more
carefully the need to perform enhanced due diligence on the
source of wealth and funds.
37
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