Where standard verification (see Verification level) is undertaken with respect to an individual, Individual verification (see Individual verification) will be initiated with respect to that individual. 

Where enhanced verification is undertaken with respect to a client that is an individual, the standard verification process (above) will be initiated with the following addition:

  • Source of Wealth or Source of Funds (see Source of Wealth) for the client will be requested

Simplified verification is not available with respect to a client that is an individual.