13.6.1The Licensed Person must set branch wise daily limits for the total value of remittances that can be executed via an instant money transfer service provider;
13.6.2Such daily limits must be set in each instant money transfer application/system based on the expected daily activity of each branch of the Licensed Person;
13.6.3There must be a written procedure to increase such daily limits to meet the growing business requirements of each branch by introducing an escalation process seeking the approval of the Manager in Charge in such occasions;
13.6.4The daily limits must be reviewed on a regular basis to ensure that such limits are not disproportionately higher than the expected daily activity of each branch; and
13.6.5Internal Auditor must verify and confirm that the set daily limits are appropriate to the size of the business of each branch of the Licensed Person.