The decision to cease dealing with bank mandates
aims to enforce tighter security at customs ports and aid in the determination of those legally responsible in the case that smuggling does occur.
This includes any bank mandates
, South African Non-Resident Dividends Tax Declaration Forms and e-mail addresses.
Global Banking News-June 6, 2012--Islamic Development Bank mandates
banks for sukuk issuance(C)2012 ENPublishing - http://www.
22 /PRNewswire/ -- Bank of America Merrill Lynch and IdenTrust today announced plans to bring an electronic bank account management (eBAM) system to the bank's corporate clients, enabling them to open accounts, close accounts and modify bank mandates
The capital will be used to boost the bank's Tier 1 capital ratio, which the Central Bank mandates
to be a minimum of 11 per cent.
Also, whilst bank mandates
often include joint signatories, only one person may be required for online banking log on, possibly raising certain legal issues when the company becomes exposed.
In all cases other common sense steps and notifications should be considered including, for example, changing bank mandates
Far more than merely causing an administrative upset, these changes allow the fraudsters to file false board minutes, change bank mandates
, empty bank accounts, use the company's credit rating to obtain goods and even sell off assets.