NAJ members urged to verify identity with their bank

23 Feb 2023

The NAJ is committed to ensuring the regulatory compliance of our members and their relationships with us and external parties. We have received some reports of members' bank accounts being closed down and have initially reviewed why this might be the case.

You may have been contacted by your bank to complete their ‘Know your customer (KYC)’ requirements.

To avoid disruption to your banking relationship and any sanctions that may have been pre-advised, we would urge you to contact your bank to ensure these legal requirements are completed as soon as possible.

What is a 'know-your-customer' check?

Source: National Association of Jewellers