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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Rulebook Modules
Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) [VER15/07-18]
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AML 7.7.1

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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.

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

(1) Where, in relation to any customer, a Relevant PersonG is unable to conduct or complete the requisite Customer Due DiligenceG in accordance with AML Rule 7.1.1 it must, to the extent relevant:
(a) not carry out a transaction with or for the customer through a bank account or in cash;
(b) not open an account or otherwise provide a service;
(c) not otherwise establish a business relationship or carry out a transaction;
(d) terminate or suspend any existing business relationship with the customer;
(e) return any monies or assets received from the customer; and
(f) consider whether the inability to conduct or complete Customer Due DiligenceG necessitates the making of a Suspicious Activity Report under AML Rule 13.3.1(c).
(2) A Relevant PersonG is not obliged to comply with (1) (a) to (e) if:
(a) to do so would amount to "tipping off" the customer, in breach of Federal AML legislation; or
(b) the FID directs the Relevant PersonG to act otherwise.
Derived from RM117/2013 [VER9/07-13]
[Amended] DFSA RM196/2016 (Made 7th December 2016). [VER13/02-17]
[Amended] DFSA RM223/2018 (Made 18th April 2018). [VER14/07-18]