Regulatory Alerts2023-04-27
Added · Updated
Access to banking services for corporate customers
The Circular Instruction on Risk (CIR) issued on 27 April 2023 addresses access to banking services for corporate customers within the context of Anti-Money Laundering and Counter-Financing of Terrorism controls. It mandates that all Authorized Institutions implement robust account opening and maintenance procedures to ensure financial inclusion while adhering to regulatory standards. The document is accompanied by an annex detailing key observations and good practices identified during the on-boarding of corporate customers.
CIR
Current
Issue Date:
27 Apr 2023
20230427-1-EN.pdf (210.6 KB)
Topic:
AML & CFT - AML/CFT Controls
Banking Conduct & Enforcement - Account Opening/Maintenance
Banking Conduct & Enforcement - Financial Inclusion
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
Annex
Current
27 Apr 2023
Annex - Key observations and good practices identified in on-boarding of corporate customers
CIR
Current
14 Jun 2019
Feedback From Thematic Review of AIs’ Application of AML/CFT Controls in the SME Segment
CIR
Current
12 Apr 2019
Introduction of Tiered Account Services
CIR
Current
08 Sep 2016
De-risking and Financial Inclusion
Annex
Current
27 Apr 2023
Annex - Key observations and good practices identified in on-boarding of corporate customers
CIR
Current
14 Jun 2019
Feedback From Thematic Review of AIs’ Application of AML/CFT Controls in the SME Segment
CIR
Current
12 Apr 2019
Introduction of Tiered Account Services
CIR
Current
08 Sep 2016
De-risking and Financial Inclusion
Version History
Superseded Document
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