Why is it mandatory to collect Customers data/ information?

- To enable a reporting entity to meet its legal and compliance obligations under AML/ CFT Law/ Ministerial orders.

- To manage and mitigate risks of potential Money laundering & Terrorism financing cases.

- To be able to detect source of funds

- Verify ownership, record keeping and verify the Ultimate beneficiary from the transaction.

- Increase the level of security and to avoid any suspicious cases.

How will it Benefit CR Holders?

- It will enable sufficient and effective controls and procedures to detect any suspicious transactions.

- Develop and apply procedures based on risk-based approach

- To maintain internal control systems to perform customer due diligence and obtain information from reliable and up to date sources.

-  Avoid risks of dealing with restricted / sanctioned individual's organizations.

Natural Person(s) information
- Full information of Identity card
- Permanent place of residence
- Profession
- Full information of passport
- Contact number(s)

Registered Person Duties

- Obtain further information to establish client's identity and ultimate beneficiary.

-Pay Attention to the purpose of the transaction

- Continuously monitor client's transactions and has full responsibility on ending any business relationship if found suspicious or extraordinary (report immediately).

Compliance Officer Duties:

- ensure effectiveness of internal control, policy, procedures to identity customers.

Kindly refer to Articles (3), (4), and (5) of Ministerial Order No. (105) of 2025 for detailed information on the obligations applicable to entities subject to the Order, as well as the standard, enhanced, and simplified customer due diligence measures.