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Article (31)

IA-BOD-RES 10/2019

Financial Groups shall implement group-wide programs with respect to combating the Crime. Such programs shall be applicable and appropriate to all its branches and majority-owned subsidiaries. In addition to the measures mentioned in Article (20) of this Decision, these programs should also include the following:

  1. Policies and procedures for the exchange of information required for the purposes of CDD and risk management of the Crime;
     
  2. The provision of Customer information, accounts, and Transactions from the branches and subsidiaries to the compliance officers at a Financial Group level, whenever necessary for the purpose of combating the Crime.
     
  3. Provision of adequate safeguards on the confidentiality and use of the information exchanged.