WONE Global's guide to United Arab Emirates records these changes under banking and moving money. Each statement below has been checked against the source it links to.
For a corporate customer, CBUAE-licensed financial institutions should identify and verify every individual who alone or jointly holds a controlling ownership interest of 25% or more, and only where none exists fall back on the individual who exercises control.
CBUAE-licensed financial institutions (banks, exchange houses, finance companies and others). Sections 3.2.2 and 3.2.5 of the guidance; customers should generally be identified and verified before the relationship is established.
CBUAE Rulebook · Guidance for Licensed Financial Institutions on Customer Due Diligence/Know Your Customer and Record-Keeping ↗ Checked against an official source · Not yet professionally reviewed · checked 19 October 2026
Enhanced due diligence is mandatory for politically exposed persons with high-risk factors and for relationships involving high-risk countries, and can include senior management approval and establishing the source of funds and source of wealth of the customer and its beneficial owners.
CBUAE-licensed financial institutions; Section 3.6 of the guidance. Senior management approval is expected where a customer or beneficial owner is a foreign PEP.
CBUAE Rulebook · Guidance for Licensed Financial Institutions on Customer Due Diligence/Know Your Customer and Record-Keeping ↗ Checked against an official source · Not yet professionally reviewed · checked 19 October 2026
This is a summary of the rule as published, not advice on how it applies to you. The WONE Global Partner for this service in United Arab Emirates can advise on that.
