CLIENT PROFILE (KYC)
Individuals
CONTENTS
1.
Relationship Summary
2.
Beneficial Owner Information
3.
Background: Client Acquisition
4.
Personal Information – General
5.
Personal Information – Employment / Business
6.
Personal Information – Financial
7.
Anticipated Activities
8.
Attorney / Signatory
9.
Client Risk Classification
10.
Signature
11.
Guidelines
Place & Date:
1
Relationship Manager:
1. RELATIONSHIP SUMMARY
Customer No:
Name of Customer:
Other existing relationships with Group:
Name of Account
Customer no.
Business Unit
Frequency of account statements:
Monthly
Quarterly
Semi-Annually
Annually
2. BENEFICIAL OWNER INFORMATION
Is the account holder?
the Ultimate Beneficial Owner of the Account
an agent for the Beneficial Owner
If agent, please explain who the real UBO is and what capacity the account holder
is involved:
2
3. BACKGROUND: CLIENT ACQUISITION
Marketing effort
Existing Account Upgraded
Customer Introduced by:
Existing Client
Friend
Others (please specify)
How long client was known to introducer?
< 1 year
1 – 3 years
3- 5 years
> 5 years
Relationship between Introducer and Client?
Friend
Blood relation
Acquaintance
Business Associate
Others (please specify)
Reason for initiating relationship with Emirates NBD Private Banking (for e.g. better
pricing, better service, global investments, regional investments etc):
4. PERSONAL INFORMATION - GENERAL
Nationality:
Country of Domicile:
UAE Resident:
Resident
Yes
No
Employment
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Visa Validity
From:
To:
Marital Status:
Single
Married
Divorced
Widowed
No. of Children:
Other Banking Relationships:
Bank Name
Estimated Relationship Value
Banking Since
5. PERSONAL INFORMATION – EMPLOYMENT / BUSINESS
Employed
Name & address of Employer:
Position held
Self Employed
Name & address of Business:
Percentage of Ownership
4
Total Years in Employment
Years in Business
(with current and past Employers)
Annual Turnover
Estimated Annual Turnover
Nature of Business including countries in
which it operates
Estimated Annual Profit
Nature of Business including
countries in which it operates, no of
employees, no of offices etc
6. PERSONAL INFORMATION - FINANCIAL
Source of Income
Salary
Business Earnings
Investment Income
Others (please specify)
Estimated Annual Income
< $250K
$3-5 Million
$250-500K
$500K- 1 Million
$1-3 Million
>$5 Million
Please provide explanation on the Source of Income (for e.g. Business Earnings
should be explained as to what his average earnings, investment income should
include details of the type of investment etc).
5
Source of Wealth (Net Worth)
Salary Earnings
Business Earnings
Gift / Inheritance
Investment Income
Sale of company / business
Sale of property
Others (please specify)
Estimated Total Net worth (including properties, investments deposits etc.)
````
< $1 Million
$1- 5 Million
$5 -10 Million
< $25 - $50 Million <
$50 – 100 Million
over $100 Million
$10 -25 Million
Estimated Liquid Net worth (deposits and liquid investments)
< $1 Million
< $25 - $50 Million
$1- 5 Million
$5 -10 Million
$50 – 100 Million
$10 -25 Million
over $100 Million
Please provide an explanation on the Source of Wealth (for e.g. 20 years savings
from salary, sale of residential property in London in 1989 for $5 Million etc.)
Property Owned:
Yes
No
If yes, Details of Property (Value, Location, etc.)
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7. ANTICIPATED ACCOUNT ACTIVITIES
How will the Account be initially funded?
Cash
Bank transfer
Cheque Deposit
Others (please specify)
Please provide details (amount, source of cash for deposit, bank details from
where money is coming, whether third party transfer and if so reasons for such
transfer etc.)
Expected eventual size of relationship
< $1 Million
$1- 5 Million
$5 -10 Million
< $25 - $50 Million
< $50 – 100 Million
over $100 Million
$10 -25 Million
Anticipated activities in the account
1. Details (regular receiver, country, purpose, size) of regular outward payments
from the account (if any)
2. Details of regular deposits (regular sender, country, purpose, size) into the
account (of any)
3. Intended use of such regular deposits
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4. Other activities expected in the account (liability, turnover etc)
8. ATTORNEY / SIGNATORY
Name
Nationality
Country of
Domicile
Date of Birth
Relationship with
Client/ BO
9. CLIENT RISK CLASSIFICATION
Please select the appropriate client risk classification (refer the High Risk Client
policy of the Group). Please consider the profile of account holder, joint account
holder, POA, Beneficial Owner etc while selecting the risk category of Client.
Not a High Risk Client
A High Risk Client
Client from a High Risk Country
Client involved with a High Risk Industry
PEP (additionally PEP due diligence form should be completed)
Large Relationship (over AED. 20 million)
Non-Resident of UAE1
For Higher Risk Clients, please complete the below sections:
a. Please provide the reason behind the classification: (In case of PEP, please
complete the PEP Due Diligence Form also; In case of high risk countries, please
include the countries involved and the link to the client. In case of high risk
industries, please include the list of industries and how the client is linked to these
industries).
1
These relationships require compliance assessment and GM-PB approval only if they are
associated with high risk country or industry.
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b. Please provide details of your finding from investigation against independent
sources / additional documents collected to verify background information. Please
attach copy of the additional records collected to verify client background
information (for eg: Internet Searches, Annual Reports, Financials, World Check
results, reference letters etc).
c. Comment on your knowledge of Client’s background that has enabled you to
assess the client’s reputation, including business details, previous relationships
and other business interests.
Please confirm conducting checks and searches by highlighting against the below
tools available and that the findings are summarised in the profile and that relevant
printouts are attached to the profile:
Random Internet Searches
World Check
Hot List Database
Central Bank Blacklist System
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10. SIGNATURES
The above is a true reflection of my knowledge about the above relationship. I
recommend that the relationship be established with the bank.
Name
Signature & Date
Recommended By
Approved by Team
Leader
Approved by Market
Leader
In case of High Risk Clients:
Compliance Assessment
Approved by GM (PB)
In case of PEPs,
Approved by GM (CWM)
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11. GUIDELINES
Guidelines with respect to completion of Client profile.
1. Separate profile forms should be completed for each beneficial owner.
2. For retired persons, please complete last activity with respect to employment /
business.
3. Description should be clear that a person that is not familiar with the situation
can understand the background of the client. For eg: terms like inheritance or sale
of real estate needs to expanded and explained in detail providing underlying
information which includes the details of assets and their value.
4. Please note that the details on employment / business should include sufficient
information to make an assessment with respect to exposure to sensitive
countries, sensitive industries or possibility of PEP involvement.
5. In case of lack of space, please attach separate report to include additional
information.
6. This is an internal use only document and so there is no need to obtain Client
signature on the document.
7. While determining the risk of the relationship, please give due consideration to
the status of POAs and Signatories of the account also.
8. For higher risk clients, please include details of additional investigations and
documentation obtained to verify information.
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