No documents, no transfer: Exchange firms enforce tough new transparency rules

Exchange companies have begun tightening precautionary measures governing customer money transfers, significantly strengthening verification procedures related to the source of funds, in line with enhanced regulatory requirements aimed at combating financial crimes and improving transparency. The stricter controls come at a time when paying for purchases — even through bank balances at gold, jewelry, and … The post No documents, no transfer: Exchange firms enforce tough new transparency rules appeared first on Times Kuwait .