Custom print

AML-1.2.3

Past version: Effective from 01 Oct 2010 to 30 Sep 2021
To view other versions open the versions tab on the right

Capital Market Service Providers must verify the information in rule AML-1.2.1 (a) to (f), by the following methods below; at least one of the copies of the identification documents mentioned in (a) and (b) below must include a clear photograph of the customer:

(a) Confirmation of the date of birth and legal name, by taking a copy of a current valid official original identification document (e.g. birth certificate, passport, CPR or Iqama);
(b) Confirmation of the permanent residential address by taking a copy of a recent utility bill, bank statement or similar statement from a CBB licensee, or some form of official correspondence or official identification card, such as CPR, from a public/governmental authority, or record of home visit by an official of the Capital Market Service Provider; and
(c) Where appropriate, direct contact with the customer by phone, letter or email to confirm relevant information, such as residential address information.
October 2010