Regulatory Alerts2026-01-09 | 13791Electronic Banking and Financial Operations
The Central Bank of Lebanon issued Circular No. 750 (Decision No. 13791) to amend Decision No. 7548, establishing a comprehensive regulatory framework for electronic banking and financial operations. The circular mandates prior approval or notification for services such as KYC-E, Money-E, electronic payments, lending, trading, and virtual card issuance, while imposing strict data hosting, protection, and consumer safeguarding requirements. It further prohibits banks and financial institutions from issuing or dealing in virtual assets without central bank authorization, sets compliance and security standards for electronic signatures and customer onboarding, and defines administrative and criminal penalties for violations.
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