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Tag Archives: bank accounts

Use simplified due diligence for opening bank accounts – Finance Minister tells commercial banks

Finance Minister Dr Ashni Singh on Tuesday appealed to commercial banks to comply with a Bank of Guyana directive to use the simplified due diligence (SDD) requirement for opening bank accounts that would attract monthly deposits of GY$500,000 or less. “It would appear to me that this simplified guideline is not well-known,” he said. Dr Singh said Guyanese should not ...

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