06.07 – Reliance on Self Certification and Documentary evidence

Where information already held by a Financial Institution conflicts with any statements or self certification, or the Financial Institution has reason to know that the self certification or other documentary evidence is incorrect, it may not rely on that evidence or self certification.

A Financial Institution will be considered to have reason to know that a self certification or other documentation associated with an account is unreliable or incorrect if, based on the relevant facts; a reasonably prudent person would know this to be the case.