FC-3.2.1

Whenever a conventional bank licensee uses the services of Authorised Money or Value Transfer Service Providers to effect the transfer of funds for a customer to a person or organisation in another country, that licensee must, in respect of the amount so transferred, maintain records of:

(a) The identity of its customer(s) in accordance with Chapters FC-1 and FC-7 of this Module; and
(b) The exact amount transferred for each such customer (particularly where a single transfer is effected for more than one customer).
Amended: October 2014
Amended: April 2011
October 07