What is the primary purpose of a mandatary in client identification?

The primary purpose of a mandatary in client identification is to identify clients on behalf of an agent in situations where a face-to-face meeting does not take place. This typically occurs in scenarios such as online transactions or remote dealings where it’s essential to verify the identity of the client to comply with regulations aimed at preventing fraud and ensuring transparent practices.

The role of the mandatary is crucial in these instances, as they ensure that the identification processes adhere to legal and regulatory standards, thus enhancing the credibility and security of the transaction. By being able to reliably confirm a client’s identity without needing direct interaction, the mandatary enables a smoother transaction process, particularly in an increasingly digital marketplace.

Other roles mentioned in the incorrect options might imply a broader or more direct involvement in the client's affairs, but they do not specifically address the need for identity verification in the manner that a mandatary does. It is this function of remote client identification that underscores the correct answer's relevance and importance in the context of client-agent relationships and transaction security.