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The bank must obtain copies of all required documents and compare them with their originals in order to ensure conformity and authenticity. All copies of documents must also be stamped to confirm their authenticity.
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The bank must obtain customer’s signature on the photocopy of his/her ID, confirming the authenticity of the photocopy and the original. The bank must ensure that no transaction shall be carried out for any customers before examining the customer’s ID and verifying its validity as prescribed for the identification documents of customers set forth herein.
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The bank must identify and examine persons authorized to sign for bank accounts.
