To the extent permitted by national legislation, examples of SDD measures firms may apply in low-risk situations include:

a) postponing the verification of the customer’s or beneficial owner’s identity to a certain later date after the establishment of the relationship or until a certain (low) monetary threshold is exceeded (whichever occurs first). The monetary threshold should not exceed EUR 150 where the product is not reloadable or can be used in other jurisdictions or for cross-border transactions);

b) verifying the customer’s identity on the basis of a payment drawn on an account in the sole or joint name of the customer or an account over which the customer can be shown to have control with an EEA-regulated credit or financial institution;

c) verifying identity on the basis of fewer sources;

d) verifying identity on the basis of less reliable sources;

e) using alternative methods to verify identity;

f) assuming the nature and intended purpose of the business relationship where this is obvious, for example in the case of certain gift cards that do not fall under the closed loop/closed network exemption;