A – Overview The significant threats posed to the world by terrorism are reflected in the increasingly onerous obligations placed upon banks requiring, amongst other things, a high degree of scrutiny of the activity on customer accounts to avoid breaching any sanctions regime in place. A failure to take required steps can amount to a […]
Read MoreSanctions: accounts held by non-designated persons may be frozen where there is reasonable suspicion that they are controlled by designated persons
A – Overview The significant threats posed to the world by terrorism are reflected in the increasingly onerous obligations placed upon banks requiring, amongst other things, a high degree of scrutiny of the activity on customer accounts to avoid breaching any sanctions regime in place. A failure to take required steps can amount to a […]
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