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AML-C.2.15

A customer may request transactions that pose an inherently higher risk to the conventional bank licensee. Factors that may be considered as indicators of higher risk include:

(a) A request is made to transfer funds to a higher risk jurisdiction/country/region without a reasonable business purpose provided; and
(b) A transaction is requested to be executed, where the licensee is made aware that the transaction will be cleared/settled through an unregulated entity.

 

Added: January 2022