Regulatory Alerts2017-01-01
Regulation No. 01_2017_BCC_DSBR on Electronic Money
The Central Bank of the Comoros issued Regulation No. 01/2017/BCC/DSBR to establish the conditions and procedures for conducting electronic money activities. This regulation is grounded in national laws governing financial institutions, currency control, anti-money laundering, and payment systems. It formally defines key terms such as 'acceptor' and 'credit institution' to standardize the regulatory framework for electronic money providers.
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