Fiji Times Tuesday 17 October 2017 WESTPAC Bank has assured customers that it has stringent procedures in place to curb any sort of money laundering.
University of the South Pacific Westpac branch manager Nilesh Prasad said the bank had implemented the due diligence process to prevent money laundering.
Mr Prasad said the Reserve Bank of Fiji has put in place stringent measures to avoid such crime and this was enforced in the Financial Transactions Act of 2007.
“If customers need to change foreign currency at USP Westpac branch and do not have an account with Westpac, they will need to register for a new account,” Mr Prasad said.
Westpac Bank is now issuing the following identification documents to its customers, which will make up 100 points requirement level.
For students the required documents include passport, USP student identification card, driver’s license, joint FNPF/FRCA card and voter ID. Read more…
