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Market Practice Guidelines for use of fields 50a Ordering Customer and 59a Beneficiary Customer to comply with FATF Recommendation 16 (Updated Version April 2019) Note:Relevant regulations and any
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Market practice guidelines are set to establish standards and protocols for conducting business within a specific market.
Market participants, such as companies or individuals, are required to file market practice guidelines.
Market practice guidelines can be filled out by providing detailed information and following the specific instructions outlined by the regulatory body.
The purpose of market practice guidelines is to ensure fair and transparent business practices within the market.
Market practice guidelines may require reporting on business processes, transactions, pricing, and other relevant market activities.
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