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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) [VER15/07-18]
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AML 7.2.1



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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.

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(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]