Regulatory Alerts2019-01-01
Law No. 18 of 2019 Regulating Non-Cash Payment Means
The Financial Regulatory Authority (FRA) issued Law No. 18 of 2019 to formally regulate the use of non-cash payment means across the financial sector. The legislation establishes licensing requirements, operational guidelines, and oversight mechanisms for all payment service providers. It further mandates compliance standards to ensure transaction security, consumer protection, and standardized digital payment operations.
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