Effective from Dec 01 2021 - Nov 30 2021 To view other versions open the versions tab on the right
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.
