• AMLG Part 4.1 AMLG Part 4.1 Know your customer — general

    Note for Part 4.1

    Principle 3 (see rule 1.2.3) requires a firm to know each of its customers to the extent appropriate for the customer's risk profile.

    Derived by QFCRA RM/2019-9 (as from 1st February 2020)

    • AMLG 4.1.1 Know your customer principle — general

      The know your customer principle requires every firm to know who its customers are, and to have the necessary customer identification documentation, data and information to evidence this.

      Note Principle 6 (see rule 1.2.6) requires a firm to be able to provide documentary evidence of its compliance with the requirements of the AML/CFT Law and these rules.

      Derived by QFCRA RM/2019-9 (as from 1st February 2020)