opening an account definition
opening an account means establishing a business relationship with a bank to operate a current account, a deposit account, a savings account or a loan account, or any other obligation arising out of the contractual relationship between a bank and a customer and includes buying and selling of foreign currency to a customer by a bank, transmission of money and investment of funds;
opening an account in the AMLD means entering a relationship to operate current, deposit, savings and loan accounts, and includes investments and money transmission. When opening accounts for individuals, regulated entities must: