Regulatory Alerts2025-11-19
Decision on Implementation of Provisions of the Law on Payment Services Relating to Issuing of Licenses and Approvals of the National Bank of Serbia
The Executive Board of the National Bank of Serbia issued this Decision to establish detailed procedures for granting licenses and approvals to payment and electronic money institutions. It mandates specific documentation requirements for applicants, including business plans, risk assessments, proof of initial capital, and descriptions of internal control and anti-money laundering systems. The regulation further defines eligibility criteria for managing bodies and qualifying holders while emphasizing strict scrutiny of financial origins to prevent money laundering and terrorism financing.
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