AML/CFTR 4.2.4 What is a business relationship?

A business relationship means a regular relationship between a customer and a firm in connection with a service that the customer receives from the firm.

Note A relationship that, when contact is established, is reasonably expected by a firm to be merely transitory does not constitute a business relationship.

Derived by QFCRA RM/2019-8 (as from 1st February 2020)