Regulatory Alerts2019-09-19 | 13108Central Bank of Lebanon Mediator Circular No. 529: Amendment of Decision No. 7548 on Electronic Banking and Financial Operations
The Central Bank of Lebanon issued Mediator Decision No. 13108 to amend Decision No. 7548 regarding electronic financial and banking operations. The amendment mandates that electronic transfer service points publish an updated list of their centers on their websites and requires the Central Bank to annually publish a list of licensed institutions in the Official Gazette, including those ceasing operations for six consecutive months. Entities are granted a compliance deadline of December 31, 2019, for Articles One and Two, while the decision takes effect immediately upon issuance.
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