Regulations Governing the Deposit Accounts and Suspicious or Unusual Transactions Article 15

For transactions processed through professional intermediary institutions on behalf of customers, applicants seeking to open accounts under the proviso to Subparagraph 5, Paragraph 2, Article 13, or other deposit customers or transactions identified as high risk, a bank shall, in addition to the regular customer due diligence procedures, establish suitable risk control measures, including:1. The opening of such accounts shall be approved by a higher-level supervisor;2. The reasonableness of the sources and destinations of their wealth and funds shall be verified; and3. The bank shall conduct ongoing monitoring of transactions in such accounts.