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Institutions that Practice E-Commerce and Have No Official Headquarters
No: 42019124
Date(g): 9/11/2020 | Date(h): 24/3/1442
Effective from 2020-11-09 - Nov 08 2020 To view other versions open the versions tab on the right
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.
Book traversal links for Institutions that Practice E-Commerce and Have No Official Headquarters