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Firsthand Bank Limited (Registration Number 1929/001225/06) (Incorporated with limited liability in the Republic of South Africa) Issue of ZAR255,000,000 Senior Unsecured Floating Rate Notes due 20
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What is specified currency?
Specified currency refers to foreign currency or monetary instruments that must be reported to the relevant authorities.
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Individuals or entities who receive or hold specified currency above a certain threshold are required to file specified currency.
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Specified currency can be filled out using the appropriate forms provided by the authorities, ensuring all relevant information is accurately reported.
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The purpose of specified currency reporting is to prevent money laundering, terrorist financing, and other financial crimes.
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Information such as the amount of specified currency received or held, the source of the funds, and other relevant details must be reported on specified currency.
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