FC-1.9.1

Past version: Effective from 01 Oct 2007 to 31 Dec 2017
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An Islamic bank licensee may only accept customers introduced to it by other financial institutions or intermediaries, if it has satisfied itself that the financial institution or intermediary concerned is subject to FATF-equivalent customer due diligence measures. Where Islamic bank licensees delegate part of the customer due diligence measures to another financial institution or intermediary, the responsibility for meeting the requirements of Chapters 1 and 2 remains with the Islamic bank licensee, not the third party.

October 07