Author: Junainath Ahmed

CBM GAZZETTE – DORMANT ACCOUNTS AS OF 31 DECEMBER 2022

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According to the Section 35 of the Maldives Bank Act (Law No.24/2010), accounts opened at banks are required to be classified as Dormant if an account holder has not conducted a transaction from the account or had not had any correspondence in writing with the bank for consecutive five (5) years. Commercial Bank of Maldives […]