Regulatory Alerts2019-12-30 | 13164Central Bank of Lebanon Circular No. 537: Amendment of Decision No. 7548 on Electronic Banking and Financial Operations
The Central Bank of Lebanon issued Decision No. 13164 to amend Decision No. 7548 regarding electronic financial and banking operations. The amendment repeals Article 7 bis and mandates that all non-bank institutions performing electronic cash transfers must remit the value of incoming foreign transfers in the same currency as the original transaction. This regulation became effective on January 8, 2020, and was published in the Official Gazette.
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