1. Financial Institutions shall verify the accuracy of originator information in all international Wire Transfers equal to or exceeding the amount of three thousand five hundred dirhams (AED 3,500), and shall ensure that such transfers are always accompanied by the following data: a. The full name of the originator and the beneficiary. b. The account number of the originator and the beneficiary, or, where no account number exists, the transfer shall include a unique transaction reference number that enables the Financial Institutions to trace it. c. The address of the originator, or the originator’s identity number or travel document number, or the date and place of birth, or the customer identification number held by the originating Financial Institution, which shall refer to a record containing such data. 2. Where multiple international Wire Transfers from a single originator are bundled in a batch file for transmission to beneficiaries, the transfer file shall include accurate originator data and complete beneficiary information, which is fully traceable in the beneficiary country, and the Financial Institution shall be required to include the originator’s account number or a unique transaction reference number. 3. Financial Institutions shall ensure that all international Wire Transfers below the amount of three thousand five hundred dirhams (AED 3,500) are accompanied by the data referred to in Clause (1) of this Article, without the need to verify the accuracy of such data, unless there are suspicions of the commission of the Crime. 4. Financial Institutions originating domestic Wire Transfers shall ensure that the information accompanying such transfers includes the same originator data specified in Clause (1) of this Article, unless such data is otherwise available to the Beneficiary Financial Institutions and the concerned authorities through other means. 5. Where the information accompanying a domestic Wire Transfer is available to the Beneficiary Financial Institutions and the concerned authorities through other means, the originating Financial Institution shall be required to include only the account number or the unique transaction reference number, provided that such number permits tracing of the transaction to the originator or the beneficiary. The originating Financial Institution shall provide such data within three (3) Working Days from the date of receipt of a request from the Beneficiary Financial Institution or the concerned authorities. 6. Financial Institutions shall be prohibited from executing Wire Transfers where they fail to comply with the conditions set out in this Article. 7. Originating Financial Institutions shall retain all information collected regarding the originator and the beneficiary in accordance with the provisions of Article (25) of this Resolution. 8. Financial Institutions shall, when processing Wire Transfers, apply freezing measures and transaction prohibition measures in accordance with instructions issued by the Executive Office or other competent authorities relating to Targeted Financial Sanctions.
Interpretation and application must be checked against the official text and current version.