Difficulty to Preprinted Cash, bank trace cheques, drafts in ownership of bill bearer funds payments, form, EFT travellers payments cheques, with and counter verified cheques banking (where the records ownership information is handwritten or typed in a different font than the rest of the cheque) Potentially: Some Digital Currencies Customer The funds The is not the are moved party payer or from or to paying or recipient another receiving of the financial funds has funds institution not previously been disclosed Payment The The source or recipient or recipient or recipient is payer is the payer is the based outside owner and owner and of country is in a low is in a risk higher risk country country The recipient or
Difficulty to trace ownership of funds Preprinted cheques, bill payments, EFT payments with verified banking records Cash, bank drafts in bearer form, travellers cheques, and counter cheques (where the ownership information is handwritten or typed in a different font than the rest of the cheque) Potentially: Some Digital Currencies Customer is not the payer or recipient of the funds The funds are moved from or to another financial institution The party paying or receiving funds has not previously been disclosed Payment source or recipient is based outside of country The recipient or payer is the owner and is in a low risk country The recipient or payer is the owner and is in a higher risk country The recipient or
Draft%20RBA%20Guidance%20Life%20Insurance%20for%20private%20sector%20consultation.docx