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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) [VER16/07-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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AML 7.2.1

Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

(1) A Relevant PersonG must except as otherwise provided in AML Rule 7.2.2 or in AML section 7.3:
(a) undertake the appropriate Customer Due DiligenceG under AML Rule 7.3.1(1)(a) to (c) and AML section 7.3 when it is establishing a business relationship with a customer; and
(b) undertake the appropriate Customer Due DiligenceG under AML Rule 7.3.1(1)(d) after establishing a business relationship with a customer.
(2) A Relevant PersonG must also undertake appropriate Customer Due DiligenceG if, at any time:
(a) in relation to an existing customer, it doubts the veracity or adequacy of documents, data or information obtained for the purposes of Customer Due DiligenceG ;
(b) it suspects money laundering in relation to a person; or
(c) there is a change in risk-rating of the customer, or it is otherwise warranted by a change in circumstances of the customer.
Derived from RM117/2013 [VER9/07-13]
[Amended] DFSA RM196/2016 (Made 7th December 2016). [VER13/02-17]
[Amended] DFSA RM231/2018 (Made 6th June 2018) [VER15/07-18]