Source of income

Earning Range

Approximate wealth

Investment Objectives

Risk Appetite

Desired Investment

Preferred duration

Is your institution publicly owned?

Please specify on which stock exchange:

Please List (or attach a listing of) all parties owning 5% or more of the issued capital of your institution

Company is owned/run by persons working under political capacity or belonging to politically exposed persons or relatives up to the second degree in Kuwait or a foreign country (This includes BOD members/Related parties/major shareholders/senior executives)

Does your institution have branches and / or subsidiaries?

If yes, does this questionnaire apply to your head office as well as branches and / or subsidiaries (both domestic and foreign)?

Does your country have Laws & Regulations designed to prevent Money Laundering and combat Terrorist Financing?

Is your institution subject to such Laws & Regulations?

Is the AML compliance program approved by the Financial Institutions board or a Senior Committee?

Does the Financial Institution have a legal and regulatory compliance program that includes a designated officer that is responsible for coordinating and overseeing the AML/ CFT/ KYC framework?

Has the Financial Institution developed written policies documenting the processes that they have in place to prevent, detect and report suspicious transactions?

In addition to inspections by the government supervisors/regulators, does the Financial Institution client have an internal audit function or other independent third party that assesses AML policies and practices on a regular basis?

Does the Financial Institution have policies to reasonably ensure that they will not conduct transactions with or on behalf of shell banks through any of its accounts or products?

Does the Financial Institution have a policy of prohibiting the operating of numbered accounts or accounts opened in fictitious or false names?

Does the Financial Institution have policies covering relationships with Politically Exposed Persons (PEP’s), their family and close associates?

Does the Financial Institution have record retention procedures that comply with applicable law?

Are the Financial Institutions AML policies and practices being applied to all branches and subsidiaries of the FI both in the home country and in locations outside of that jurisdiction?

Does the Financial Institution review its AML Compliance framework at least once each year to ensure that it is kept up to date and relevant with the Financial Institution business activities?

Does the Financial Institution have a risk-based assessment of its customer base and their transactions?

Does the Financial Institution determine the appropriate level of enhanced due diligence necessary for those categories of customers and transactions that the Financial Institution has reason to believe pose a heightened risk of illicit activities at or through the Financial Institution?

Does the Financial Institution have a system to identify potential hits agents watch-lists (e.g. OFAC, EU, etc)?

Has the Financial Institution implemented processes for the identification of those customers on whose behalf it maintains or operates accounts or conducts transactions?

Does the Financial Institution have a requirement to collect information regarding its customers’ business activities?

Does the Financial Institution assess its Financial Institution customers’ AML policies or practices?

Does the Financial Institution have a process to review and, where appropriate, update customer information relating to high-risk client information?

Does the Financial Institution have procedures to establish a record for each new customer noting their respective identification documents and ‘Know Your Customer’ information?

Does the Financial Institution complete a risk-based assessment to understand the normal and expected transactions of its customers?

Does the Financial Institution undertake steps to ascertain the beneficial ownership of funds / monies with which it deals?

Does the Financial Institution have policies / procedures / systems in place to effect verifications of customers’ identification and related information?

Does the Financial Institution maintain records on customers’ identification for a given period of time?

Does the Financial Institution have policies or practices for the identification and reporting of transactions that are required to be reported to the authorities?

Where cash transaction reporting is mandatory, does the Financial Institution have procedures to identify transactions structured to avoid such obligations?

Does the Financial Institution screen customers and transactions against lists of persons, entities or countries issued by government/competent authorities?

Does the Financial Institution have policies to reasonably ensure that they will not conduct transactions with or on behalf of shell banks through any of its accounts or products?

Does the Financial Institution have policies to reasonably ensure that it only operates with correspondent banks that possess licenses to operate in their countries of origin?

Does the Financial Institution have a monitoring program for unusual and potentially suspicious activity that covers funds transfers and monetary instruments (such as traveller’s checks, money orders, etc.)?

Reporting of suspicious or unusual Does the Financial Institution have a documented policy and delegated authority for the activity to its appropriate regulatory body / law enforcement agency?

Does the Financial Institution provide AML & Compliance training to relevant employees that include the identification and reporting of transactions that must be reported to government authorities, examples of different forms of money laundering and internal policies to prevent money laundering?

Does the Financial Institution retain records of its training sessions including attendance records and relevant training materials used?

Does the Financial Institution communicate new AML related laws or changes to existing AML related policies or practices to relevant employees?

Does the Financial Institution employ third parties to carry out some of the functions of the Financial Institution?

If the answer to question 51 is Yes, Do you provide AML training to relevant third parties that includes identification and reporting of transactions that must be reported to government authorities, examples of different forms of money laundering and internal policies to prevent money laundering??