Anti Money Laundering and Counter Terrorism Financing - Law Assignment Help

Assignment Task :

SCENARIO - Anti-money laundering & counter terrorism financing 

Sam Knight contacted you about obtaining a car loan and, as part of providing documents, he  sent you uncertified copy of his driver's licence. 

1. What are your obligations under AML/CTF legislation in reference to Sam's identification? 
Explain the requirements of the customer identification and  verification process. 
2. itam has also provided his tax assessment notice as evidence of his income for the loan  application. As you have another Sam Knight (Samantha) on your books, you are  wondering whether you could perhaps file each of the "Sam's" by their tax file number for  easy identification in the future. Referring to the use and disclosure of tax file number  information found under Module one, Section 2 of the learner guide, provide an  explanation as to whether this is acceptable practice. 
 

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