Banks, Customs tighten TT checks

1 week ago

All banks operating in the Maldives have signed an agreement with the Maldives Customs Service to establish a verification system aimed at preventing counterfeit telegraphic transfers (TTs) and strengthening oversight of trade-related financial transactions. Customs signed the agreement with seven banks. Commissioner General of Customs Fathmath Dhiyana signed on behalf of Customs, while the CEOs and Managing Directors signed on behalf