(1) When doing the following, the reporting organization shall correctly identify the customer and confirm it based on documents, data or information obtained from reliable sources, subject to sub-sections (3) and (4):- (a) when establishing a business relationship, (b) When opening an account, (c) when making emergency transactions exceeding the specified amount, (d) when transferring funds through electronic means (wire transfer), (e) when additional confirmation is needed for doubts about the truth or adequacy of the information previously taken for the customer's identity, (f) asset laundering or in case of further confirmation for suspicion of financial investment in terrorist activities, (g) high-risk customers or high-ranking persons during each transaction, or (h) during any other action specified by the regulatory body. If the document is specified, it will be valid. (3) When identifying and confirming the identity of the customer in accordance with this paragraph, the indexing organization shall use documents, data or information with independent and reliable sources. Measures shall be taken:- (a) Obtain appropriate information and information about the business or commercial relationship and its purpose or target nature, (b) If the customer is a natural person, obtain details including his name, address and date of birth on the basis of the documents prescribed under sub-section (2) (c) If the client is a legal person or a legal arrangement, receiving and confirming information and information about its ownership and control system based on the documents specified in accordance with sub-section (2), (d) Establishing commercial relations or doing business on behalf of other persons on whose behalf such To identify and confirm the identity of himself and the person working on his behalf and take documents including authorization, (e) other necessary in relation to the type and nature of the client, transaction or business to fulfill the obligations according to this paragraph.Obtaining information and information, (f) Adopting other measures prescribed by the regulatory body. (5) Notwithstanding anything written in sub-section (1), it shall not be mandatory for the following indicator organizations who are non-financial professionals or businessmen to identify and confirm the following customers:-(a) ) of customers who engage in transactions of two lakh rupees or less in a day by casino, (b) of customers who deal in the amount of ten lakh rupees or less in a day by traders dealing in precious metals and commodities. The entire responsibility will be of the relevant indicator organization.