Commercial Bank International (CBI) is carrying out an ongoing programme of verifying data it holds about its customers, checking it is current and accurate and updating its records where necessary.
As part of this, we are asking customers to provide up-to-date information about themselves to the Bank, either by submitting documents online, by visiting a branch, or contacting their Relationship Manager if they have one.
The quickest way to carry out this update is to download and submit completed, signed forms and documents to your nearest CBI branch (drop box) or by email to the CBI Compliance Operations team at: email@example.com.
Forms to download:
It is important that once CBI has requested this information from you, it is submitted back to the Bank within 30 days to avoid interruption to your banking services. If the Bank has not been able to verify your details within this time, restrictions will be placed on any debit cards provided and Internet/mobile banking services until this information is provided.
Further information on this process is below.
Up-to-date details about you, our customer, needs validating and updating. This includes, but is not limited to:
We require this data to fulfil our regulatory obligations to the Central Bank of the UAE, as well as our legal obligations internationally, and internally to ensure the accurate and efficient running of our customer’s accounts.
We may process your data for the following reasons:
1) To comply with our obligations and to enforce the terms of our Banking Services, including to comply with all applicable laws and regulations. This will include reporting such information to internationally recognized bodies where that is a requirement on CBI – e.g. reporting FATCA considerations to US Financial Authorities, and providing your data to the Al Etihad Credit Bureau in the UAE (AECB)
2) To operate the services provided by the Bank to you, such as to initiate a payment, send or request money, add value to an account, or pay a bill;
a. Authenticate your access to an Account
b. Communicate with you about your Account, the Sites, the Services, or PayPal;
c. Perform creditworthiness and other financial standing checks, evaluate applications, and compare information for accuracy and verification purposes.
3) To respond to your requests, for example to contact you about a question you submitted to our customer service team.
4) To understand your needs as a customer, and contact you about products and/or services that could be of relevance.
You may contact us if you have general questions about this information requirement or questions about your account information or personal data.
For any questions related to this, please contact us via the means listed here.
At CBI we are committed to keeping your information confidential. That’s why we have a "we don’t ask, so please don’t tell” policy. CBI will never ask you to:
As part of our attempts to contact you to discuss updating your information, we will disclose to you basic details about your relationship with CBI in order to demonstrate you are speaking to a genuine Bank representative.