(1) Any bank, financial institution or nonfinancial institutions shall maintain clear identity of a person while establishing any kind of business relationship with him/her or transacting the amount more than the limit at one or several transactions as prescribed by Rastra Bank from time to time by  publishing notice.
(2) Bank, financial institution or non-financial institution, while getting identification of the customer as per Sub-Section (1), shall require the person
establishing business relationship or having transactions with it to submit the documents as follows:-
(a) In case of a natural person his/her name, family surname, copy of citizenship or passport including other necessary documents evidencing his/her permanent residential address and profession or business,
(b) In case of the person or firm except provided in Clause (a), copy of the document certifying incorporation, establishment or registration
of the institution, documents that presenting name, surname, address, profession, business of board of directors and executive director or proprietor of firm or partners of partnership firm,
(c) In case of business relation or transactions to be established or made on behalf of someone else, documents relating to principal’s identity,
address including power of attorney clarifying his/her business,
(d) Name, surname, address of close relative, person or institution  benefiting from the transaction of the business relationship, (e) In case of transactions made through negotiable instruments, name, surname and address of the issuer and payee of or from such instrument,
(f) Other documents as prescribed by the Financial Information Unit from time to time.
(3) Bank, financial institution or non-financial institution shall keep a separate record of documents and transactions of each customer, pursuant to Sub-
Section (2), including date and nature of transactions, type of account if any and symbol number.