Regulatory Alerts2023-07-12
Circular 21/2012 on the Requirement for Commercial Banks to Inquire with Relevant Authorities Regarding International Shipping Documents
Circular 21/2012 mandates that commercial banks comply with inquiries from relevant authorities concerning international shipping documents submitted to them. This directive ensures accurate verification of cross-border trade documentation before processing. Banks must establish internal procedures to promptly respond to such official requests and maintain strict adherence to the stipulated requirements.
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