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CRA-4.4.5

Prior to commencement of business transactions, licensees must:

(a) Seek and register bank accounts details and other types of accounts details to be used for receipt or transfer of fiat funds (such as credit cards and pre-paid cards) of the clients; and
(b) Verify the bank accounts and other types of accounts details provided by a client to ensure that the bank accounts and other accounts are in the name of the registered client.
Amended: April 2023
Added: April 2019