Regulatory Alerts2020-01-17 | 13183Central Bank of Lebanon Decision No. 13183 Amending Decision No. 7548 on Electronic Banking and Financial Operations
The Central Bank of Lebanon issued Decision No. 13183 to amend Decision No. 7548, regulating inter-bank electronic financial operations and prohibiting unauthorized electronic transfers between different banks' customers. The amendment establishes strict conditions for permitted operations, including prior Central Bank approval, real-time execution, and specific daily and monthly transaction limits in Lebanese Lira and US Dollars. It also bans the issuance of electronic money and mandates monthly reporting of transaction volumes and values to the Central Bank's Payment Systems Directorate.
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