Data Retention

[liroyb]

I've closed my UAE account last year and I now would like to open account in that same bank I closed. Does the data and documentation I provided is still there, or I would need to go through due diligence from scratch?

 

[Forester]

1) The data and documentation are still there, it is because of AML/CTF => KYC regulations.

2) Whether the bank will be willing to re-use it, respectively, to what extent, it is on their sole discretion.

3) (2) will depend a lot on circumstances related to the account closure. If it was a friendly good-bye e.g. because you just had not needed the account, then I would expect just some moderate renewal, simply what has changed. If it were because you had been asked for a documentation to a certain payment and you did not provide it, then...

 

[bubbledouble]

Only people to answer this question is the bank where you had your account.