2. In the context of the ongoing monitoring referred to in paragraph 1, obliged entities shall ensure that the relevant documents, data or information of the customer are kept up to date.
The period between updates of customer information pursuant to the first subparagraph shall be dependent on the risk posed by the business relationship and shall not in any case exceed:
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(a)
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for higher risk customers to which measures under Section 4 of this Chapter apply, 1 year;
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(b)
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for all other customers, 5 years.
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