•   A financial institution must not enter into a correspondent banking relationship with:

  (a)   a shell bank; or

  (b)   another financial institution that has a correspondent banking relationship with a shell bank; or

  (c)   another financial institution that permits its accounts to be used by a shell bank.

•   A financial institution must carry out due diligence assessments before it enters into, and while it is in, a correspondent banking relationship with another financial institution involving a vostro account.