Declaration on beneficiaries/parties having "control" in the account
In accordance with the Prohibition on Money Laundering Law, the banks are obliged to obtain a declaration from each customer as to whether he is acting on his own behalf or as a trustee for a third party and, in the case of the customer being a corporation, a declaration relating to the parties having "control" in the corporation is also required. Consequently, the customer is asked to complete a declaration form and transfer it to the bank branch in which his account is managed as early as possible.
It should be noted that an original signed declaration has to be received by the bank. (An oral declaration is insufficient).
Blocked accounts?
Please contact the personal banker at your branch to clarify the reason for the blocking and complete the details or documents required for removing the blocking.
