advising bank and AML/KYC etc
Posted: Fri Jun 15, 2018 11:31 pm
Hi Pals,
I am facing this problem; Swift MT710 sent by a receiver, stating that all names quoted in l/c have been controlled and asking commissions more than triple as usual. The l/c quoted my bank in field 57A and
the account number of beneficiary (IBAN) indicates my bank.
IMHO, the sending bank has not liability in controlling names, it is only responsible for the issuing bank's
compliance, other checkings are for the advising bank, my bank.
Have you same problems, please share ?
Thank you
I am facing this problem; Swift MT710 sent by a receiver, stating that all names quoted in l/c have been controlled and asking commissions more than triple as usual. The l/c quoted my bank in field 57A and
the account number of beneficiary (IBAN) indicates my bank.
IMHO, the sending bank has not liability in controlling names, it is only responsible for the issuing bank's
compliance, other checkings are for the advising bank, my bank.
Have you same problems, please share ?
Thank you