account registry weekly Registered e-money Electronic records of AML/CFT applying balance account number transactions auditable in compliance officer KYC/CDD system and reporting For cash-in transactions:- controls) Registered phone number Electronic statement sent AML/CFT and registered e- money to customer and agent or Reporting of account; merchant suspicious Name transactions Acceptable photo ID NOTE: Maximum For cash-out transaction transaction counts should at agent:- not exceed the maximum Acceptable photo ID transfer limit cash-out transaction at an electronic device E-money account Name Small and 1,000,000 Tier III Full KYC/CDD Medium (Electronically single Enterprises registered plus Terms and conditions for physical operating the registration and mobile money storage of account documents in the Tax Identification Number mobile money
account registry applying KYC/CDD controls) Registered e-money account number For cash-in transactions:- Registered phone number and registered e- money account; Name Acceptable photo ID For cash-out transaction at agent:- Acceptable photo ID cash-out transaction at an electronic device E-money account Name Electronic records of transactions auditable in system Electronic statement sent to customer and agent or merchant AML/CFT compliance officer and reporting AML/CFT Reporting of suspicious transactions weekly balance NOTE: Maximum transaction counts should not exceed the maximum transfer limit Small and Medium Enterprises Tier III (Electronically registered plus physical registration and storage of documents in the mobile money single 1,000,000 Full KYC/CDD Terms and conditions for operating the mobile money account Tax Identification Number
DRAFT_REGULATION_GOVERNING_THE_ELECTRONIC_MONEY_ISSUERS_May_2016.docx