FRA requires non-bank financial institutions to update customer identification, verification forms

Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), has issued a circular requiring non-bank financial institutions to update their customer identification and identity verification forms in line with the revised version of the Due Diligence Procedures for Customers of Financial Institutions Subject to the FRA’s Supervision, issued by the Anti-Money Laundering and Terrorist Financing […]