1.1 S. Schnitzer shall prepare a list of its customers and suppliers. The list shall refer to corresponding supplier / customer code numbers to ensure that the list is complete.

1.2 Information collection - For proper identification of customer / supplier in line with the RJC / AML requirements, the following information relating to its suppliers / customer shall be available with the company.

    Name
    Registered address from where business carried out
    Residential Address in case of non-corporate entities
    Government issued identification number such as Business Registration Number, Social Security Number / Passport Number / Income Tax Number
    In case of corporation / partnership firm, the name under which business is carried on, address of the principle place of business, names of persons who will be authorised to transact business on its behalf, ownership structure.
    Nature of business and source of goods / funds.

1.3 The following checks shall be carried out to authenticate the information (above) collected:

    All documents received from a supplier / customer contain the same information relating to any of the above requirements i.e. the address, telephone numbers etc.
    In case of doubt, the information obtained shall be verified from trustworthy sources or through personal verification like visit or contact through banks, through telephone calls etc.