6.1.1. Obligation to conduct Customer Due Diligence
A Relevant Person must:
(a) conduct CDD under AML 6.3.1 for each of its customers including when the customer is carrying out occasional transactions the value of which singularly or in several linked operations (whether at the time or later), equal or exceed USD 15,000; and
(a-a) conduct CDD under AML 6.3.1 for each of its customers including when the customer is
carrying out occasional transactions with Digital Assets the value of which singularly or in several linked operations (whether at the time or later), equal or exceed USD 1,000;
(a-b) conduct CDD when the customer is carrying out occasional transactions the value of which singularly or in several linked operations (whether at the time or later), is equal or exceeds USD 15,000; and
(b) in addition to (a), (a-a) and (a-b), conduct EDD under AML 7.1.1 in respect of:
(i) each customer it has assigned as high risk;
(ii) business relationships and transactions with persons from geographic area (state or territory) considered to be an area of high risk.