Authorised Persons and Recognised Bodies regulated by the Regulator or Financial Institutions or Credit Institutions regulated in a FATF country

Past version: effective from 21/10/2015 - 20/10/2015
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24. Pursuant to the exception under Simplified Customer Due Diligence, identification evidence is generally not required for Customers of a firm who are themselves Authorised Persons, Auditors, Recognised Clearing Houses or Recognised Investment Exchanges registered or regulated by the Regulator or are Financial Institutions or Credit Institutions regulated by any FATF country's relevant Non-ADGM Financial Services Regulator or other relevant regulatory authority or regulator.
25. However, the confirmation of the existence of such a relevant firm or institution and its regulatory status, including the application of AML applying in the ADGM or equivalent AML provisions, should be verified by the Relevant Person prior to entering into a Customer relationship. Regular professional and commercial checks and due diligence investigations should still be performed. The Relevant Person should verify the regulatory status of the firm or institution by one of the following means:
a. requesting confirmation from the relevant Non-ADGM Financial Services Regulator or other relevant regulatory authority, regulator, body, or home country Central Bank; or
b. requesting a certified copy of a relevant licence or authorisation to conduct financial or banking business from the firm or institution.