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Article (9): Retention of Dormant Account Balances with the Central Bank

C 1/2020 Effective from 15/2/2020
  1. Funds transferred to the “Unclaimed Balances Account - Dormant Accounts” will be retained by the Central Bank from the date of transfer to the said account until claimed by the beneficiary.
     
  2. Funds transferred to the Central Bank will no longer generate interest payments by the Bank.
    For avoidance of doubt, the Central Bank shall not be liable for any interest payments on the transferred funds.
     
  3. Furthermore, the Central Bank is not legally responsible or obligated in any manner, with any claim whatsoever, related to interest, returns, and/or profits, or other, on funds transferred to the Central Bank.