KYC/AML Procedures

All MTF ETSE members (participants) are required to comply with AIFC requirements for anti-money laundering (AML), counter-terrorist financing (CTF), and customer identification (KYC) rules, including customer due diligence (CDD).

MTF members (participants) must ensure that their activities are not used for: market manipulation and abuse, financial crimes and transactions related to money laundering or terrorist financing pursuant to the AIFC Anti-Money Laundering And Counter-Terrorist Financing Rules.

Member Obligations:

  1. Comply with AIFC laws, including AML/CTF regulations and MTF ETSE internal documents in the field of anti-money laundering and counter-terrorist financing, as well as immediately notify ETSE of any administrative offenses by employees or affiliated persons.
  2. Report to MTF ETSE any suspicious or fraudulent activities identified in the course of market transactions, including signs of market abuse.
  3. MTF ETSE identifies ultimate beneficial owners of members; accordingly, members must provide relevant information when submitting membership applications.
  4. Members must maintain up-to-date information on contacts, traders, and company shareholders (when more than 5% change in shareholder structure).
  5. Members provide a complete set of documents in accordance with Membership Rules, including for AML/CTF verification (Membership rules).
  6. Members bear full responsibility for client transactions.
  7. When required, Members must be prepared to provide MTF ETSE and AFSA with all necessary information upon request for AML/CTF and market abuse inspections.
  8. Non-compliance with requirements results in suspension/termination of membership and denial of access to trading.