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LCs from the central bank point of view

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Thu, 04/23/2009 - 14:19
odadwaw
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hi... im new in this forum , my topic title under question below:

as inspector at central bank how can i auditing and examing the international relations operations that include lcs and lgs and corsspondances accounts?

thanks

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Mon, 06/15/2009 - 04:35
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Catalyst
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Inspecting LC operations

Your country's central bank would surely have its own rules and regulations on the subjects. The rule books and circulars would be available.

There would be instructions in place regarding operation of Nostro, Vostro accounts, opening and operation of accounts of foreigners and non-residents, remittances, on money laundering and regulation of foreign exchange etc.

Inspections would also have been done prior to your arrival on the scene. Inspectors' check lists would surely be available too.

You may consider using them as starting points.

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