The Central Bank considers depositing money into a third party’s account in transactions as money laundering.
The Central Bank issued a warning to the public that depositing or receiving money from an account belonging to someone other than the party involved in the transaction is subject to penalties under anti-money laundering regulations and carries legal consequences and banking prohibitions.
Bank transactions must align with related documents such as invoices, contracts, payment receipts, and documents of goods and services exchanges. Any payment or receipt from a person’s account must be based on a real and documented transaction.
Accordingly, all individuals, whether natural or legal persons, are required by the country’s current laws to deposit the transaction amount only into the account of the transaction party or receive it from them.
The Central Bank announced that since using various individuals’ accounts is a common method of money laundering, depositing money into a third party’s account in transactions could involve the individual in illegal activities without their knowledge.