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FC-2.2.5

In instances where an insurance licensee'sG risk-based monitoring systems identify significant or abnormal transactions (as defined in FC-2.2.2 and FC-2.2.3), it must verify the source of funds for those transactions, particularly where the transactions are above the occasional transactions threshold of BD 6,000. Furthermore, insurance licenseesG must examine the background and purpose to those transactions and document their findings.

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