Financial Crime World

Oman’s National Bank Reminds Corporate Clients to Update Know Your Customer (KYC) Information

Overview

The National Bank of Oman (NBO) has issued a reminder to its corporate clients to update their KYC (Know Your Customer) information in accordance with the country’s regulatory guidelines.

Requirement to Update KYC Information

The bank has requested that companies visit their Corporate Relationship Manager or the nearest NBO branch to update their records.

Documentation Required

The following documents are required for the KYC refresh:

  • Commercial Registration
  • OCCI (Ministry of Commerce and Industry)
  • Constitutive Contract/MOA/AOA (Memorandum of Association/Articles of Association)
  • Passport or ID copies of all shareholders, UBOs (Ultimate Beneficial Owners), and authorized signatories
  • Utility bills or tenancy contracts as proof of address
  • Proof of income, such as bank statements or audited financial statements

Clients are encouraged to download and complete the following forms beforehand:

##FIU Compliant Clients FI and DNBFI type clients of NBO’s Financial Intelligence Unit (FIU) are required to fill out the following Wolfsberg Group forms:

Contacting the Bank for Queries

For clients with queries, NBO’s CorporateKYCHelpdesk is available at CorporateKYCHelpdesk@nbo.om.

Importance of Updating KYC Information

The National Bank of Oman emphasized the importance of updating KYC information to ensure continued access to banking services and full compliance with regulatory guidelines.

Corporate Relationship Manager

Every corporate client of NBO is assigned a Corporate Relationship Manager who is responsible for building and maintaining long-term relationships with the corporate clients, providing them with tailored banking solutions.

CorporateKYCHelpdesk

NBO’s CorporateKYCHelpdesk is a dedicated team that assists clients in all their KYC-related queries. The team is available at CorporateKYCHelpdesk@nbo.om.