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FC-3.2.1

Past version: Effective from 01 Oct 2007 to 31 Mar 2011
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Whenever a conventional bank licensee uses the services of Authorised Money Transferors to effect the transfer of funds for a customer to a person or organisation in another country, that licensee must, in respect of the amount so transferred, maintain records of:

a) The identity of its customer(s) in accordance with Chapters FC-1 and FC-7 of this Module; and
b) The exact amount transferred for each such customer (particularly where a single transfer is effected for more than one customer).
October 07