Article 25: Participant Due Diligence

Effective from Jan 01 2024 - Nov 30 2021
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1-	The Debt-Based Crowdfunding Company shall prepare a Participant due diligence program and shall comply with AML/CFT instructions. Such program shall include at least policies and procedures in relation to:
	a.	Know Your Customer (KYC).
	b.	Information security.
	c.	Data privacy and confidentiality.
2-	The Debt-Based Crowdfunding Company shall comply with the Electronic Transactions Law and its Implementing Regulations and establish the necessary procedures and measures to ensure the validity of information, including:
	a.	verify the customer email address and phone number by sending an authentication link; and
	b.	Developing procedures necessary to ensure the provision of up-to-date information, for example, the national address.