A service may commence before s 28(1) is satisfied only where the Rules permit it, the entity determines on reasonable grounds that this is essential to avoid interrupting the ordinary course of business, it has policies to complete CDD as soon as reasonably practicable and within the Rules period, it determines the additional risk is low, it implements risk-mitigating policies and it meets the Rules requirements. Rules 6-12 (general, Australia): individual identity steps, a risk rating, risk-appropriate KYC on all matters and establishing identity and agents' authority first, no transfer or release of money, property or virtual assets before completion, completion within 20 business days; 6-13 account opening and deposits (no outward transfers before completion); 6-14 rapid financial market trades (no cash or virtual asset funding, no release of proceeds or assets, within 5 business days); 6-15 foreign establishments where local FATF law permits; 6-32 real estate brokering and conveyancing (earlier of 28 days after exchange or 3 days before the initially agreed settlement).
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.