Dominica

Reg. 8 requires identity to be established as soon as reasonably practicable after first contact, and Reg. 9 sets identification when a business relationship starts, for one-off transactions of ten thousand dollars or more, on suspicion, or where earlier data is doubtful. Reg. 10 requires beneficial owners of legal entities to be identified, Reg. 11 ongoing monitoring and Reg. 12 enhanced measures for higher-risk cases. Reg. 19 adds senior management approval for politically exposed persons. Code of Practice ss.21-25 sets further detail, including reviews at least yearly for higher-risk relationships (s.23).