BAN advises on ID needed for deposits





Chairperson of the Bankers Association of Namibia and CEO of FNB Namibia Ian

Leyenaar, has advised that as from 1 July 2014 identification will be needed by customers

for all deposits done within any bank.

He said: “This is a regulatory requirement as part of the Know your customer (KYC)

campaign and national identity documentation is required for all deposits. This means either

a valid ID or passport is needed. This initiative will be supported by a marketing campaign to

ensure that all customers are aware of that before the deadline of 1 July 2014.” He added: It

would be good to already start bringing your ID or passport now in order to get used to this

before it becomes a must within a month.”