Introduction
Effective from Jan 31 2025 - Nov 08 2020
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| 80. | DTFCs are expected to receive fund from customers in its normal bank accounts maintain with the Bank(s) operating in KSA. Similarly, DTFCs will use its normal bank accounts when funds are remitted back to customers based on Customers' instructions. DTFCs are not required to open a separate bank accounts for purposing of receiving funds from or remitting funds to its customers. However, DTFCs may open a separate bank account for convenience purposes. | |
| 81. | The requirements of opening and maintaining General and Term Deposit accounts relates to DTFCs internal books and records. | |