ABBL

Does any particular procedure have to be respected?

The term opening a relationship does not simply denote opening an account for a customer, but also includes the mere fact of processing a transaction for a passing customer or giving a mandate to a third party.
When a relationship is opened, the banker who receives a customer will generally want to hold a preliminary discussion to determine such points as:

• The customer's identity
  Surname, first name, nationality, place and date of birth, marital status, domicile, profession

• Origin of the funds
  What is the activity which generated these funds?
  Through which different stages have these funds passed?
  Who is the effective beneficiary or the beneficial owner?

• Nature of the transactions
  For whom is this money intended?
  What amounts and frequencies are involved?
  Does the circuit followed by the money have a logical link with the activity which generated the funds?

• Level of risk presented by the customer
  The employee uses his own professionalism and common sense to make this judgement; he must assess the circumstances and the objectivity of the computerized checks.