Subsection 5: Re-identification and verification of the identity of the customer and the beneficial owner

When the persons mentioned in Article L. 561-2 have good reason to believe that the identity of their customer and the identification details previously obtained are no longer accurate or relevant, they shall again identify the customer and verify his identity in accordance with Articles R. 561-5 and R. 561-5-1 and, where applicable, identify and verify the identity of his beneficial owner in accordance with Article R. 561-7.

In the event of the transfer of a life insurance or capitalisation contract to a third party, the persons mentioned in 2° to 2°e and 3°a of Article L. 561-2, when they take note of the transfer or, where applicable, when they are notified of the transfer, shall identify and verify the identity of the person to whom the contract is transferred and, where applicable, of the latter’s beneficial owner,…