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F.A.Qs
Frequently asked questions
It is the transfer of money from an illegal source to a legitimate source
Exchange companies and offices are allowed to transfer money between Autonomous Administration areas after informing the cash office of this
It is not limited to cash only, but includes assets, property, and economic resources for the reason of selling illegal assets and resources to make them legitimate.
It does not have any role, as the primary supervisor is the Central Cash and Payments Office and its branches.
There are several standards that exchange offices and companies must apply to ensure the smooth conduct of the financial process, which are due diligence procedures in terms of verifying the customer’s data and the reason for the transfer, adding enhanced diligence procedures if the company’s compliance officer feels that the customer is uncooperative or that he is hiding data or giving false data or data. It is necessary to train a compliance official on the basic rules of the money laundering and terrorist financing law.
Yes, all operations must be written and registered because the crime of financing terrorism, for example, may not require a large sum of money. In addition, the money laundering process may take the form of small amounts divided into batches and distributed to more than one office.
NO
| City | Canton | Every region |
Exchange office | 1 | 2 | 5 |
Exchange company | 3 | 6 | 25 |
