Banks may not insist on physical presence of such low risk customer at the time of periodic updation. Further, if an existing KYC compliant customer of a bank desires to open another account in the same bank, there should be no need for submission of fresh proof of identity and / or proof of address for the purpose.
And so, it seems to me colleagues, that within the ECCU, we have a duty, an obligation and I hope, a sense of urgency, to pursue regional cooperation on financial sector regulation.