Versions

 

FC-1.1.10E

All bank accounts of the company under formation must be closed and funds returned (see Paragraph FC-1.1.11) or suspended if the final CR is not received and the customer has not completed the customer due diligence requirements within a period of six months from the date of opening the account. The six-month period may be extended subject to a bilateral arrangement between the licensee and the customer.

Added: Jan 2024