FC-2.2.5

Past version: Effective from 01 Oct 2007 to 31 Dec 2021
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Where an Islamic bank licensee's risk-based monitoring systems identify significant or abnormal transactions (as defined in FC-2.2.2 and FC-2.2.3), it must verify the source of funds for those transactions, particularly where the transactions are above the occasional transactions threshold of BD 6,000. Furthermore, Islamic bank licensees must examine the background and purpose to those transactions and document their findings.

October 07