Implementation Guidance Ep 200 Ig 2 - Anti-Money Laundering And Countering The Financing Of Terrorism - Institute Of Singapore Chartered Accountants Page 4
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47EP 200 IG 2
CUSTOMER DUE DILIGENCE (CDD) FLOWCHART
The illustrative flowchart and templates in EP 200 IG 2 are designed for professional accountants and
professional firms which provide services listed in paragraph 1.5 of EP 200. Professional accountants and
professional firms which provide services other than those in paragraph 1.5 may use these illustrations as
best practice guide to tailor and adapt for use, as appropriate.
These illustrations are intended to provide broad guidance. They are not intended to be exhaustive; or to
replace legislations, regulations or guidelines which may be issued from time-to-time by any relevant
authority and which a professional accountant or professional firm is required to comply. Therefore,
professional accountants and professional firms should exercise professional judgement to appropriately
tailor and adapt these illustrations for use.
The following flowchart is an illustration of how the CDD process is carried out.
For client who is an individual
complete
Client Information Form (Individual)
(pages 5-11)
For client which is a company
complete
Client Information Form
(Company) (pages 12-20)
Complete a
Form A
for each and every
No
Does the client qualify for any of the exemptions
beneficial owner (BO) of the client
set out in
Annex 1
(pages 38-39)?
(pages 21-26).
Yes
Where the client has appointed any person to act on
behalf, complete a
Form B
for each and every such
person (pages 27-33).
Is the client (individual), BO or person acting on
Complete a
Form C
for each and every
Yes
behalf of client either a PEP, family member of
PEP, family member of a PEP and close
a PEP or close associate of a PEP?
associate of a PEP (pages 34-37).
No
Verify the identity information of client, BO
and person acting on behalf of client to
independent and reliable identification
Perform AML/CFT risk assessment and where
necessary, enhanced CDD as per the firm’s policies
documents (that bear photograph for any
and procedures. See additional guidance:
individual).
Annex 2 – Examples of factors to consider in
AML/CFT risk assessment
(pages 40-44)
Upon satisfactory completion of
Annex 3 – Example of enhanced CDD relating
identification, verification and all other
to source of wealth and funds
(pages 45-47)
CDD/ enhanced CDD procedures as
per the firm’s policies and procedures,
proceed with client on-boarding.
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