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  • Outward Transfers

    • FC-3.1.1

      Islamic bank licensees must include all required originator information and required beneficiary information details with the accompanying electronic transfers of funds they make on behalf of their customers. Non-routine transfers must not be batched, if batching increases the risks of money laundering or terrorist financing. This obligation does not apply where the transfer is made by a bank acting as principal or acting on behalf of another bank as principal such as in the case of payment of spot FX transactions.

      Amended: October 2014
      October 07

    • FC-3.1.2

      [This Paragraph has been deleted in October 2014 and its contents moved to Paragraph FC-3.1.5.]

      Deleted: October 2014

    • FC-3.1.3

      [This Paragraph has been deleted in October 2014 and its contents moved to Paragraph FC-3.1.10.]

      Deleted: October 2014