From CapeNews.Net By ELIZABETH W. SAITO August 8, 2014 Forty years ago today, President Richard M.
Instruction No.03/2003 on the Opening and Maintenance of Deposit Accounts
(enacted in 2003)
The instruction sets requirements and restrictions on Banks opening deposit accounts, to maintain complete identification of depositors and avoid money laundering and criminal activities.
It includes four sections:
Section I Definitions
Section II Requirements
Section III Restrictions
Section IV Enter into Force