(1) Before opening an account or establishing a commercial relationship, the reporting organization shall identify and confirm the identity of the customer and the real owner in the case of maintaining a commercial relationship and during casual transactions. (2) Whatever is written in sub-section (1) However, if the following conditions exist, the reporting organization may verify the customer's identity even after establishing a business relationship or doing business:- (a) If the reporting organization is confident that the identity can be verified at any practical time, (b) it is not possible to confirm the customer's identity immediately due to practical reasons. And if the confirmation of the identity may create an obstacle in the regular operation of the business and if such an obstacle is not necessary, and (c) If there is a situation in which the risk related to financial investment in money laundering and terrorist activities can be managed effectively. (3) Anything in sub-section (2) Although it is written, the reporting organization shall confirm the identity of the customer and the real owner in accordance with sub-section (1) in relation to the following customers and transactions:-(a) If the customer is found to be a risky or high-ranking person or a member of such person's family and associated person, or (b) the customer's business If it looks suspicious.