In which instanceS do you have to verify the identity of your client?

You must verify the identity of your client in various instances, such as when opening a new account, conducting high-value transactions, or when there are changes in account information. Additionally, verifying identity is crucial when there are suspicions of money laundering or fraud, or when mandated by regulatory requirements. This process helps ensure compliance with anti-money laundering (AML) laws and protects against identity theft.