Rule 10
Obligation Of The Reporting Institution
In addition to the obligation mentioned
in the Act, the reporting institution shall have the following obligation:
(a) Maintain record of the transaction as prescribed by the Financial Information Unit,
(b) Update customer profile of the existing customer as prescribed by the Financial Information Unit and submit the record thereof to the FIU within 5 years from the date these Rules come into force,
(c) Maintain a separate confidential record of the suspicious transaction duly signed by the concerned officer and the chief of the office,
(d) Designate a high ranking managerial level official as a compliance officer and provide the Financial Information Unit with the name, address and contact number (telephone) of the compliance officer,
Provided that, in case of the government office, the chief of the office or any officer designated by him/her may perform the task of the compliance officer.
in the Act, the reporting institution shall have the following obligation:
(a) Maintain record of the transaction as prescribed by the Financial Information Unit,
(b) Update customer profile of the existing customer as prescribed by the Financial Information Unit and submit the record thereof to the FIU within 5 years from the date these Rules come into force,
(c) Maintain a separate confidential record of the suspicious transaction duly signed by the concerned officer and the chief of the office,
(d) Designate a high ranking managerial level official as a compliance officer and provide the Financial Information Unit with the name, address and contact number (telephone) of the compliance officer,
Provided that, in case of the government office, the chief of the office or any officer designated by him/her may perform the task of the compliance officer.