FC-1.1.12E

Past version: Effective from 01 Jan 2022 to 30 Sep 2023
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Islamic retail bank licensees that deal with non-resident customers, other than with financial institutions, listed companies and governmental authorities in FATF countries referred to in FC-1.11.1, must perform enhanced due diligence for all its non-resident customers before establishing the account relationship and, thereafter, also perform enhanced transaction monitoring throughout the course of the relationship with all non-resident customers.

Added: January 2022