(1) In the case of high-risk customers, the indexing organization shall at least adopt the following measures while identifying a large customer:-
(a) To examine the purpose and background of transactions of complex, large or unusual trends where the economic or legal purpose is not apparent,
(b) taking reasonable measures to identify the background and purpose of the customer's transactions,
(c) Controlling and continuously monitoring the customer or transaction to determine whether such customer or transaction is abnormal or suspicious or to identify transactions that require further monitoring or testing,
(d) obtaining or obtaining additional information about customers, beneficial owners and related persons,
(e) obtaining or collating further details regarding the business relationship with the customer, the transaction and the nature and purpose thereof,
(f) obtaining approval from senior management regarding the initiation or continuation of the relationship with the client,
(g) Prescribing business limits,
(h) adopting other measures to examine or investigate documents received,
(i) First payment to be made only through the account identified by the customer;
(j) Keeping the details related to the customer updated,
(k) taking necessary measures to identify the source of funds or assets,
(l) Keeping a record of the results of the monitoring, including the audit, and providing it if requested by other competent authorities,
(d) To adopt other appropriate measures in addition to those mentioned in clauses (a) to (l).
(2) High-risk customers should be identified at every stage of the transaction.
(3) The approval of the management level will be necessary to maintain a business relationship with a high-risk customer or to continue the business.