AML 9.2.2

Past version: effective from 14/07/2013 - 31/01/2017
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An Authorised Firm must:

(a) not enter into a correspondent banking relationship with a shell bank; and
(b) take appropriate measures to ensure that it does not enter into, or continue a corresponding banking relationship with, a bank which is known to permit its accounts to be used by shell banks.
Derived from RM117/2013 [VER9/07-13]