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Establishment
Procedure
/ Release of the Blocked Amounts / Sources
of Funds / Restrictions 7. Restrictions on Activities of Financial Intermediation The management of the foreign financial institution¡¯s branch must bind to the following when carrying out financial intermediation activities for the account of its customers: A. Provide its customers, personally and periodically, with statements of account and other related statements. B. Explicitly request from its correspondents, or those working according to its instructions, the provision of the statements mentioned in paragraph (A) directly to the concerned customers (and not through the financial institution itself).
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