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Posted: **Sat Apr 13, 2013 11:50 pm**

Hi

Just a question. Does a collecting bank have to KYC a remitting bank? If so, why?

Thank you

Posted: **Tue Apr 23, 2013 10:17 pm**

Hi Pal,

I think you have to apply the Wolfsberg rule, and book the collec tion to the remitting bank, even if it is a sporadic event.
Other comments appreciated
Ciao

Best Trade Solution

Does A Collecting Bank Has To KYC A Remitting Bank?

Does A Collecting Bank Has To KYC A Remitting Bank?

Kyc