Entire Section

  • Requirements for intermediary institution

    • AML 9.3.12

      An Authorised Person that is an intermediary institution must retain all the required payer and payee information accompanying the fund transfer.

      Derived from DFSA RM231/2018 (Made 6th June 2018) [VER15/07-18]

    • AML 9.3.13

      If technical limitations prevent the required payer or payee information accompanying a cross-border fund transfer from remaining with a related domestic fund transfer, an Authorised Person that is a receiving intermediary institution must maintain a record, for at least five years, of all the information received from the ordering institution or another intermediary institution.

      Derived from DFSA RM231/2018 (Made 6th June 2018) [VER15/07-18]

    • AML 9.3.14

      An Authorised Person that is an intermediary institution must take reasonable measures, which are consistent with straight-through processing, to identify crossborder fund transfers that lack the required payer or payee information.

      Derived from DFSA RM231/2018 (Made 6th June 2018) [VER15/07-18]