Know Your Client (KYC)
At which stage do agents need to submit evidence of KYC?
KYC evidence has to be submitted upon application stage.
With respect to KYC evidence, in which format is such evidence to be presented to the Agency by the agent?
The agent is responsible for introducing reputable applicants to the Programme, hence the need to ensure that the agent supports the Agency by forwarding printed reports with regard to enquiries conducted from reliable sources on the potential beneficiary and all dependants over the age of 14. Other information that could be provided by the agent will facilitate the Agency’s work in conducting a proper due diligence assessment. Agents must remember that they should keep evidence of their investigations, for which they are solely responsible. The agent should also provide a covering letter signed in original.