The Bank of Ghana (BoG) has directed banks and other specialised deposit-taking institutions to ensure that people who deposit money into and\/or withdraw same from accounts that are not theirs provide their \u201cfull personal details\u201d to the transacting institution.<\/p>\n
In a notice published in the Wednesday edition of the Daily Graphic, the central bank said such persons must provide their \u201cname and address, a verifiable identification card and a telephone number to the requisite bank or specialized deposit-taking institution.\u201d<\/p>\n
It said the directive was in compliance with the section 23 of the Anti-Money Laundering Act, 2008 (Act 749), as amended.<\/p>\n
The Act seeks to shine transparency on persons engaging in financial transactions in a bid to stem money laundering.<\/p>\n
The notice was signed by the Secretary of BoG, Frances Van-Hein Sackey.<\/p>\n
It said \u201cin accordance with section 23(7) of the Anti-Money Laundering Act 2008, (Act 749) as amended, all banks and specialised deposit-taking institutions shall require the full personal details of a person who makes a deposit into or withdrawal from an account on behalf of another person.<\/p>\n
\u201cBanks and specialised deposit-taking institutions and the general public are to take note and be guided accordingly,\u201d it said.<\/p>\n
Graphic Online understands that some of the banks and specialised deposit-taking institutions were complying with the directive prior to the September 4 notice.<\/p>\n
<\/p>\n
source: Graphic.com.gh<\/p>\n","protected":false},"excerpt":{"rendered":"
The Bank of Ghana (BoG) has directed banks and other specialised deposit-taking institutions to ensure that people who deposit money into and\/or withdraw same from accounts that are not theirs provide their \u201cfull personal details\u201d to the transacting institution. In a notice published in the Wednesday edition of the Daily Graphic, the central bank said […]<\/p>\n","protected":false},"author":3,"featured_media":7659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_post_source_name":"","_post_source_url":"","footnotes":""},"categories":[61,43,1],"tags":[7358,9330,10957,3977,192,5612,10346,6332,13272,11906,6258,594],"class_list":["post-7650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-local-news","category-news","tag-bank","tag-banks","tag-bog","tag-central-bank","tag-ghana","tag-money","tag-money-laundering","tag-online","tag-specialised-deposit-taking-institutions","tag-the-general","tag-transparency","tag-who"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/7650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/comments?post=7650"}],"version-history":[{"count":0,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/7650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media\/7659"}],"wp:attachment":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media?parent=7650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/categories?post=7650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/tags?post=7650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}