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Media Centre

FBME depositor data authentication process to commence on June 15

  • Posted on:  Tuesday, 14 June 2016 16:15

The procedure will take place at the Nicosia offices of the Tanzanian lender, which had its licence withdrawn by the Central Bank in December after it was linked to money laundering and terror financing, the supervisory management committee said in an emailed statement on Tuesday.

“All depositors are asked to visit the FBME offices during working hours from June 15 onwards, to submit their statements and pertinent accompanying documents,” the committee said. “Provided depositors receive the certification by persons authorised to do so by the special administrator, they are asked to proceed to the Central Bank with all related documents for the further evaluation of their documents”.

Depositors who already submitted their documents to the Central Bank by Tuesday, June 14, are not required to carry out the procedure, the committee said.

“In case of legal entities, it is specified that data statements have to be submitted by persons authorised to manage a certain account at FBME and are included in FBME’s records as such, or the ultimate beneficial owners,” as shown by the FBME archive, the committee said.

The committee added that the procedure is in accordance to its April 9 statement in which it notified of its decision to trigger the depositors’ compensation procedure.

The Central Bank working hours are 8 am to 13 pm while those of FBME are 9 am to 13 pm.