Know Your Customer (KYC) requirements under AML regulations in UAE

KYC is an integral part of the customer onboarding process and overall AML Compliance program, involving verification of the identity of the customer and suppliers.

It is essential to identify the person with whom the business is proposing to transact, including their background, so businesses do not end up exposing themselves to such criminals and are confident that the parties they are dealing with are genuine. Here is the infographic presenting the details and the documents that need to be sought from the customer as part of the KYC procedure.

AML UAE is one of the leading firms offering a comprehensive range of AML consultancy services, designing the KYC templates and managing your KYC.