Section 21D: Doubts about veracity of previously obtained information and when reporting suspicious and unusual transactions

# 21D. Doubts about veracity of previously obtained information and when reporting suspicious and unusual transactions

When an accountable institution, subsequent to entering into a single transaction or establishing a business relationship

(a) doubts the veracity or adequacy of previously obtained information which the institution is required to verify as contemplated in sections 21 and 21B; or

(b) makes a suspicious or unusual transaction report in terms of section 29,

the institution must repeat the steps contemplated in sections 21 and 21B in accordance with its Risk Management and Compliance Programme and to the extent that is necessary to confirm the information previously obtained.