Simplified Due Diligence Guideline

CFT Law, Article 7/14 Implementing Regulation to the AML Law and Article 17/2 of the Implementing Regulation to the CFT Law requires insurance companies to determine the extent and depth of due diligence measures required based on the level of risk of the customer or business relationship. Where lower risks are identified, an insurance company may apply simplified measures consistent with the ML/TF/PF risks identified. تنص المادة 7من نظام مكافحة غسل الأموال، والمادة 64من نظام مكافحة Customer risk assessment process: a) Collection of information on customer: nationality, residential address, occupation, type of legal entity. عمليةتقييم مخاطر العملاء: أ) جمعبيانات العم b) Analysis of the risk based on the collected information: depending on the type of the risk assessment model the process can be automatic or manual. c) Assignment of the risk: based on the methodology used the client is assigned a risk rating. d) Due diligence measures: based on the assigned risk rating relevant due diligence measure is applied SDD/CDD/EDD. ب) تحليلالمخاطر استن تحديددرجة المخاطر: إجراءاتالعناية الو The appropriate level of due diligence should be applied in line with the specific situation and the risk indicators which have been identified. All insurance companies should reasonably determine the CDD requirements appropriate to each customer based on their customer risk assessment and satisfy themselves that the business relationship or transaction qualifies for the specific type of due diligence including simplified treatment. ينبغي تطبيق مستوى العناية الواجبة المناسب بما يتماشى مع ال Minimum standard due diligence measures are provided for in Article of Implementing Regulation to the AML Law and Article 17 of Implementing Regulation to the CFT Law and include: a) Identifying and verifying the customer’s identity or person purporting to act on behalf of the customer using reliable and independent source documents, data or information; b) Identifying the beneficial owner and taking reasonable measures to verify the identity; c) Understanding and obtaining information on the purpose and intended nature of the business relationship; نصتكل من المادة 7/2من اللائحة التنفيذية لنظام مكافحة غسل الأموال والمادة 17م تحديد هوية العميل تحديد المستفيد الحق فهم الغرض والطبيع