Section 28(11)

The relevant person must conduct ongoing monitoring of a business relationship, including— scrutiny of transactions undertaken throughout the course of the relationship (including, where necessary, the source of funds) to ensure that the transactions are consistent with the relevant person's knowledge of the customer, the customer's business and risk profile; undertaking reviews of existing records and keeping the documents or information obtained for the purpose of applying customer due diligence measures up-to-date.

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Source: legislation.gov.uk · retrieved 2026-09-04