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Goodwin }{\fs24\lang2057\langfe1033\langnp2057\insrsid554015\charrsid9726508 \par \par }\pard \qr \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid9726508 Queen's Representative }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid554015\charrsid9726508 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid554015\charrsid9726508 \par }\pard \qc \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid9726508 ORDER IN EXECUTIVE COUNCIL \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid554015\charrsid9726508 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid9726508 At Avarua, Rarotonga, this 8th day of December 2004}{\fs24\lang2057\langfe1033\langnp2057\insrsid554015 \par \par }\pard \qc \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid554015 Present: \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid554015 \par }\pard \qc \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid554015 HIS EXCELLENCY THE QUEEN'S REPRESENTTAIVE IN EXECUTIVE COUNCIL \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid554015\charrsid3431468 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid554015 PURSUANT}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 to sections 15(10), 35A(4) and 221 of the International Companies Act 1981-}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1126505 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 82 (as inserted by sections 4 and 5 of the International Companies Amendment Act 2003), His Excellency the Queen's Representative, acting by and with the advice and consent of the Executive Council, makes the following regulations. \par }\pard \qc \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468 ___________}{\fs24\lang2057\langfe1033\langnp2057\insrsid554015 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468 \par }\pard \qc \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid554015 ANALYSIS \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid554015 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid8136678 1}{\fs24\lang2057\langfe1033\langnp2057\insrsid8136678\charrsid11757251 . }{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 Title and commencement}{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{\fs24\lang2057\langfe1033\langnp2057\insrsid554015 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 2. Interpretation}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{\fs24\lang2057\langfe1033\langnp2057\insrsid554015 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 3.}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 Verification documentation \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid554015\charrsid11757251 4.}{\fs24\lang2057\langfe1033\langnp2057\insrsid554015 }{\fs24\lang2057\langfe1033\langnp2057\insrsid554015\charrsid11757251 Offences \par 5. Revocation}{\fs24\lang2057\langfe1033\langnp2057\insrsid554015 \par }\pard \qc \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468 ___________}{\fs24\lang2057\langfe1033\langnp2057\insrsid554015 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid3431468 \par }\pard \qc \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid554015 REGULATIONS}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid554015 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 1.}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid554015 Title and commencement}{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 - (1) These regulations may be cited as the International Companies (Evidence of Identity) (No. 2) Regulations 2004. \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (2)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 These regulations shall come into force 5 days after the date the Queen's Representative signs the Order in Executive Council making these regulations. \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid554015 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 2.}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid8136678\charrsid3431468 Interpretation}{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (1) In these regulations, unless the context otherwise requires, - \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468 \par }\pard \ql \li720\ri360\nowidctlpar\faauto\adjustright\rin360\lin720\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 "Act" means the }{\fs24\lang2057\langfe1033\langnp2057\insrsid4669563 I}{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 nternational Companies Act 1981-82; \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468 \par }\pard \ql \li720\ri360\nowidctlpar\faauto\adjustright\rin360\lin720\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 "association" means any incorporated or unincorporated association of persons, and includes any company, corporation, firm, partnershi p, society, joint venture, mutual fund, statutory body, association, organisation, state or agency of a state (but excludes a trust);}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li720\ri360\nowidctlpar\faauto\adjustright\rin360\lin720\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 "director" includes, in relation to any body corporate, any person performing the functions or occupying a position, by whatever title, commonly performed by, or comparable to, a director of a company;}{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li720\ri360\nowidctlpar\faauto\adjustright\rin360\lin720\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 "settlor" means any person who settles assets on a trust;}{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li720\ri360\nowidctlpar\faauto\adjustright\rin360\lin720\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 "trust" includes a charitable trust and a purpose trust but does not include a mutual fund;}{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li720\ri360\nowidctlpar\faauto\adjustright\rin360\lin720\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 "trustee company" means a trustee company licensed pursuant to the Trustee Companies Act 1981-82;}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li720\ri360\nowidctlpar\faauto\adjustright\rin360\lin720\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 "verification documentation" has the same meaning given by section 2 of the Financial Transactions Reporting Act 2004. \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid8136678 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 3}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid8136678 . Verification documentation}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 - (1) A trustee company or a custodian that is required to obtain evidence of any verify identity under section 15(10) or section 35A(4) of the Act must obtain verification documentation in respect of the person for whom a share is held on trust or in respect of the bearer of a bearer instrument as the case may be, the following information }{\fs24\lang2057\langfe1033\langnp2057\insrsid3431468 \endash }{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li720\ri360\nowidctlpar\faauto\adjustright\rin360\lin720\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (a)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid8136678 if t}{\fs24\lang2057\langfe1033\langnp2057\insrsid1126505 he }{\fs24\lang2057\langfe1033\langnp2057\insrsid8136678\charrsid11757251 person}{\fs24\lang2057\langfe1033\langnp2057\insrsid8136678 is a natural person, the t}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 rustee}{\fs24\lang2057\langfe1033\langnp2057\insrsid8136678 company or custodian m}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 ust adequately identify and verify his/her identity, including obtaining information relating to:}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid15559193 {\fs24\lang2057\langfe1033\langnp2057\insrsid15559193 \par }\pard \ql \li1440\ri360\nowidctlpar\faauto\adjustright\rin360\lin1440\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (i)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 the person's name, address and occupation; and}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li1440\ri360\nowidctlpar\faauto\adjustright\rin360\lin1440\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (ii)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 the national identity card or passport or other applicable official identifying document;}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li720\ri360\nowidctlpar\faauto\adjustright\rin360\lin720\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (b)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 if the person is a legal entity, the trustee company or custodian must adequately identify and verify its legal existence and structure, including obtaining information relating to:}{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li1440\ri360\nowidctlpar\faauto\adjustright\rin360\lin1440\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (i)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 the entity's name, legal form, registration number and registered address;}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li1440\ri360\nowidctlpar\faauto\adjustright\rin360\lin1440\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (ii)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 its principal owners and beneficiaries, and its directors and control structure; and}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li1440\ri360\nowidctlpar\faauto\adjustright\rin360\lin1440\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (iii)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 provisions regulating the power to bind the entity, and to verify that any person purporting to act on behalf of the entity is authorised to do so and identify those persons;}{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li720\ri360\nowidctlpar\faauto\adjustright\rin360\lin720\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (c)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 if the person is an association, the trustee company or custodian must adequately identify and verify its legal existence and structure, including obtaining information relating to:}{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li1440\ri360\nowidctlpar\faauto\adjustright\rin360\lin1440\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (i)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 the association's name, legal form, registration number and registered address;}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li1440\ri360\nowidctlpar\faauto\adjustright\rin360\lin1440\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (ii)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 the principal members of the association; and}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li1440\ri360\nowidctlpar\faauto\adjustright\rin360\lin1440\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (iii)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 provisions regulating the power to bind the association, and to verify that any person purporting to act on behalf of the association is authorised to do}{ \fs24\lang2057\langfe1033\langnp2057\insrsid3431468 so and identify those persons;}{\fs24\lang2057\langfe1033\langnp2057\insrsid11473385 .}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li720\ri360\nowidctlpar\faauto\adjustright\rin360\lin720\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (d)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 if the person is a trust, the trustee company or custodian must adequately obtain information relating to:}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li1440\ri360\nowidctlpar\faauto\adjustright\rin360\lin1440\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (i)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 the trust's name and registered office or address for service;}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li1440\ri360\nowidctlpar\faauto\adjustright\rin360\lin1440\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (ii)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 the nature of the trust and its beneficiaries; and}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li1440\ri360\nowidctlpar\faauto\adjustright\rin360\lin1440\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (iii)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 the name, address, occupation, national identity card or passport or other applicable official identifying document of each settlor and trustee.}{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li720\ri360\nowidctlpar\faauto\adjustright\rin360\lin720\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (e)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 if the person is a politically exposed person, the tr}{\fs24\lang2057\langfe1033\langnp2057\insrsid3431468 ustee company or custodian must}{ \fs24\lang2057\langfe1033\langnp2057\insrsid14510810 ;}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li1440\ri360\nowidctlpar\faauto\adjustright\rin360\lin1440\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (i)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 adequately identify and verify his/her identity as set out in this section;}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li1440\ri360\nowidctlpar\faauto\adjustright\rin360\lin1440\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (ii)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid3431468 have a}{\fs24\lang2057\langfe1033\langnp2057\insrsid9111403 p}{\fs24\lang2057\langfe1033\langnp2057\insrsid3431468 p}{\fs24\lang2057\langfe1033\langnp2057\insrsid5968388 ropriate risk m}{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 anagem}{\fs24\lang2057\langfe1033\langnp2057\insrsid5968388 ent systems to determine w}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 hether the person is a politically exposed person;}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li1440\ri360\nowidctlpar\faauto\adjustright\rin360\lin1440\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (iii)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 obtain the approval of senior management before establishing a business relationship with the person;}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li1440\ri360\nowidctlpar\faauto\adjustright\rin360\lin1440\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (iv)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 take reasonable measures to establish the source of wealth and source of funds; and}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li1440\ri360\nowidctlpar\faauto\adjustright\rin360\lin1440\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (v)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 conduct regular and ongoing enhanced monitoring of the business relationship.}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (2)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 The verification documentation or procedures required for the identification or verification of any particular person or class of persons may be prescribed. \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9111403 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 4}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid5898698 . }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid9111403 Offences}{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 - (1) Every person who refuses, or fails without reasonable excuse, to comply with these regulations commits an offence punishable by }{ \fs24\lang2057\langfe1033\langnp2057\insrsid3431468 \endash \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li720\ri360\nowidctlpar\faauto\adjustright\rin360\lin720\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (a)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 in the case of an individual, to a fine of up to $10,000;}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li720\ri360\nowidctlpar\faauto\adjustright\rin360\lin720\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (b)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 in the case of a person that is a body corporate, to a fine of up to $50,000}{\fs24\lang2057\langfe1033\langnp2057\insrsid3431468 .}{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid3431468 {\fs24\lang2057\langfe1033\langnp2057\insrsid3431468\charrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 (2)}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid5898698\charrsid11757251 In}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 proceedings against a person for an offence under these regulations, it is}{ \fs24\lang2057\langfe1033\langnp2057\insrsid3431468 }{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 a defenc e for that person to show that he or she took all reasonable steps and exercised all due diligence to avoid committing the offence. \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9111403 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 5.}{\fs24\lang2057\langfe1033\langnp2057\insrsid11757251 }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid9111403 Revocation }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid11757251 - The International Companies (Evidence of Identity) Regulations 2004 is hereby revoked. \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9111403 \par }\pard \qr \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid3431468 G. Harmon \par }{\b\fs24\ul\lang2057\langfe1033\langnp2057\insrsid11757251\charrsid3431468 Clerk of the Executive Council \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid9111403 \par }\pard \qc \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid9460086 {\fs24\lang2057\langfe1033\langnp2057\insrsid9460086 _____________________}{\fs24\lang2057\langfe1033\langnp2057\insrsid9460086\charrsid11757251 \par }\pard \ql \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1971968 {\fs24\lang2057\langfe1033\langnp2057\insrsid9460086 \par }\pard \qc \li0\ri360\nowidctlpar\faauto\adjustright\rin360\lin0\itap0\pararsid1126505 {\fs24\lang2057\langfe1033\langnp2057\insrsid9460086 The regulations are administered by the Financial Supervisory Commission \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 {\fs24\lang2057\langfe1033\langnp2057\insrsid9460086 \par }}