Sentences with phrase «financial intermediaries establish»
This includes enforcing the Anti-Money Laundering Act which requires that financial intermediaries establish the identities of the beneficial owners, for instance.
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Hong Kong's Investor Compensation Fund is established to pay compensation to investors of any nationality who suffer pecuniary losses as a result of default of a licensed intermediary or authorised financial institution in relation to exchange - traded products in Hong Kong.
The established classification from Wikipedia is «the practice of lending money to unrelated individuals, or «peers», without going through a traditional financial intermediary such as a bank or other traditional financial institution.»
It is a process under which a financial institution or an intermediary collects certain data and documents to establish identity of a client.You would have noticed that Continue Reading...
In certain instances, a fund or your financial intermediary is required to collect documents, which will be used solely to establish and verify your identity.