Regulatory Alerts2020-08-31 | Reference No. 34/01/001/026/001Central Bank of Sri Lanka Extension of Online Banking and Digital Account Opening Deadlines
The Central Bank of Sri Lanka extends the compliance deadline for online banking registration and digital wallet account opening to 31 December 2020 to accommodate COVID-19 travel restrictions. Licensed banks and finance companies are required to waive registration fees, implement secure digital identification methods, and verify Know-Your-Customer details within 30 days of account opening. The directive further restricts wallet funding to online transfers only and warns of regulatory action for non-compliance with these financial intelligence unit requirements.
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