Book traversal links for Article (6)
Article (6)
IA-BOD-RES 10/2019Financial Institutions and DNFBPs should, as the case may be, undertake CDD measures in the following cases:
- Establishing the business relationship;
- Carrying out occasional transactions in favour of a Customer for amounts equal to or exceeding AED 55,000, whether the transaction is carried out in a single transaction or in several transactions that appear to be linked;
- Carrying out occasional transactions in the form of Wire Transfers for amounts equal to or exceeding AED 3,500.
- Where there is a suspicion of the Crime.
- Where there are doubts about the veracity or adequacy of previously obtained Customer's identification data.