7 Hrs
Source:
المصدر
Nonbank ID Form Updates
Dr. Islam Azzam, Chairman of the Financial Regulatory Authority, has required non-banking financial institutions to update their customer identification forms and identity verification procedures in line with the revised anti-money laundering and counter-terrorism financing due diligence procedures. Circular No. 8 of 2026 stressed the need to take into account the needs of persons with disabilities, people who are illiterate, and older people, and to update policies, procedures, and internal control systems. Institutions must submit the updated versions, once approved, together with their 2026 annual anti-money laundering and counter-terrorism financing report, no later than January 31, 2027.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)