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2.2 Customer Due Diligence and Enhanced Due Diligence

يسري تنفيذه من تاريخ 15/8/2021

The goal of the CDD process is to ensure that LFIs understand who their customer is and the purpose for which the customer will use the LFI's services. Where an LFI cannot satisfy itself that it understands a customer, then it must not accept the customer. If there is an existing business relationship, the LFI should not continue it. LFIs should also consider filing an STR, SAR or other report types to the FIU as discussed in section 2.3.2 below. This guidance is not an exhaustive list of LFIs' CDD obligations and LFIs should consult the legal and regulatory framework in force in the UAE for the measures to be taken.