Regulations Governing Anti-Money Laundering of Financial Leasing Enterprises Article 8

A financial leasing enterprise shall establish policies and procedures for watch list filtering, based on a risk-based approach, to detect, match and filter whether customers, their beneficial owners or connected parties of the customers are individuals, legal persons or organizations sanctioned under the Terrorism Financing Prevention Act or terrorists or terrorist legal person or an organization identified or investigated by a foreign government or an international organization.A financial leasing enterprise shall document its name and account filtering operations and maintain the records for a time period in accordance with Article 11.