customer 2,000,000 Business Registration Electronic records of AML/CFT account registry daily Number in Rwanda and if it transactions auditable in compliance officer applying transfer is different from e-money system and reporting KYC/CDD VAT registration if Electronic statement sent AML/CFT controls applicable to customer and agent or Reporting of Other verification merchant suspicious 3,500,000 documents transactions weekly balance NOTE: Maximum transaction counts should not exceed the maximum daily transfer limit ZERO* Full KYC/CDD Tier IV (Individuals single or Agent Identification SME registered Number as Retail Agents with full KYC/CDD Agents ZERO* Documentation daily and agreements transfer Retail
customer account registry applying KYC/CDD controls Business Registration Number in Rwanda and if it is different from VAT registration if applicable Other verification documents Electronic records of transactions auditable in e-money system Electronic statement sent to customer and agent or merchant AML/CFT compliance officer and reporting AML/CFT Reporting of suspicious transactions daily transfer 2,000,000 weekly balance 3,500,000 NOTE: Maximum transaction counts should not exceed the maximum daily transfer limit Retail Agents Tier IV (Individuals or SME registered as Retail Agents with full KYC/CDD Documentation and agreements single ZERO* Full KYC/CDD Agent Identification Number daily transfer ZERO*
DRAFT_REGULATION_GOVERNING_THE_ELECTRONIC_MONEY_ISSUERS_May_2016.docx