Regulatory Alerts2014-11-27
Regulation on International Payments
The Central Bank of the Republic of Kosovo issued this regulation to standardize the content, acceptance, and execution of international payment orders for all authorized financial institutions in Kosovo. It establishes mandatory reporting obligations through the SWIFT-based Regulatory Reporting Service and defines precise timelines for processing incoming and outgoing cross-border transactions. Replacing the 2013 framework, the regulation outlines specific data requirements for payment orders, mandates formal acceptance procedures, and prescribes penalties for non-compliance.
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