Latest:Jap_ File report of transaction above 10,000 Dollars, Governor directs all banks
CRNSaturday, March 18, 2017 - 08:59 File a report to Supervision Department of any single cash transaction above ten thousand US Dollars or equivalent to Pounds, the Governor of Central Bank directs all banks and financial institutions. Othom Rago Ajak says each customer has to complete “Form B Large Cash Transaction Declaration when they come with large cash transaction. The Governor says dealing with large cash transaction should be done according to the law governing the operation of the financial system in the country. He warns that dealing in large cash can be risky and vulnerable to money laundering activities. Governor Rago says the guideline also requires banks and non banks to identify any client dealing in large cash and report it to relevant authorities. The Governor warns that violators shall be penalized according to Anti-Money Laundering and Counter Terrorist Financial Act, 2012 and the provisions of the Administrative and Financial penalties regulation 2011. -- To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] Visit this group at https://groups.google.com/d/forum/southsudankob View this message at https://groups.google.com/d/msg/southsudankob/topic-id/message-id For more options, visit https://groups.google.com/d/optout --- You received this message because you are subscribed to the Google Groups "South Sudan Info - The Kob" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at https://groups.google.com/group/SouthSudanKob. To view this discussion on the web visit https://groups.google.com/d/msgid/SouthSudanKob/CAJb14or%3DHvNqYqhZ%2Bk6hVtDFd%3DLBsO%3Dj3w5b%3DaAPsKpidpEmdQ%40mail.gmail.com. For more options, visit https://groups.google.com/d/optout.
