Book traversal links for Institutions that Practice E-Commerce and Have No Official Headquarters
Institutions that Practice E-Commerce and Have No Official Headquarters
Effective from 2020-11-09 - Nov 08 2020
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103. | In addition to the requirements stated for the Licensed Business, Establishments and Shops, DTFCs should perform following additional procedures when opening General Account in the name of an institution that practices e-commerce and have no official headquarters: | |
i. | Classify the account type as e-commerce. | |
ii. | Verify the electronic platform of the Institution through the documentation of electronic stores licensed by the Ministry of Commerce. | |
iii. | Complete the national address of the institution or its owner. | |
iv. | Classify these accounts are classified as high-risk accounts and review every two years. |