Spanish translation: titulares de las líneas de crédito
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18:13 Jun 23, 2005
English to Spanish translations [PRO] Bus/Financial - Finance (general) / banking
English term or phrase:facility holder
The Financial Transactions Reporting (Amendment) Act, 2003, inter alia, requires financial institutions to verify the identity of facility holders who have facilities which were established prior to 29th December 2000 (“an existing facility holder”). In addition to the existing obligation to verify the identity of any facility holder, the Amending Act requires that financial institutions must also verify the identity of on any person (whether as a facility holder or not) whom they know, suspect or have reasonable grounds to suspect is conducting or proposes to conduct a transaction which involves the proceeds of criminal conduct