Regulatory Alerts2022-02-28
Circular No. 2014-01 - Bounced Cheques Information Service
The Central Bank of the Republic of San Marino issued Circular No. 2014-01 to update the regulatory framework for the Bounced Cheques Information Service, replacing Circular No. 41. The document mandates that reporting entities submit monthly lists of bounced cheques, detailing specific data points and handling procedures for forged signatures, while establishing the Bank's role in aggregating and disseminating this information to receiving entities. It further defines the rights of individuals and legal entities to query the service, outlines the operational manual requirements, and stipulates administrative fines for non-compliance.
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