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Where a conventional bank licensee'sG risk-based monitoring systems identify significant or abnormal transactions (as defined in FC-2.2.2 and FC-2.2.3), it must verify the source of funds for those transactions, particularly where the transactions are above the occasional transactions threshold of BD 6,000. Furthermore, conventional bank licenseesG must examine the background and purpose to those transactions and document their findings.

October 07
(1 Version)
Oct 1 2007 onwards
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