Regulatory Alerts2025-11-10 | NRP-94Technical Standards for Qualifying Sophisticated Investors in Investment Banks
The Central Reserve Bank of El Salvador issued Technical Standards NRP-94 to establish the mandatory procedures and criteria for Investment Banks to qualify clients as Sophisticated Investors. These regulations require banks to verify clients' financial capacity and digital asset knowledge, implement strict anti-money laundering due diligence, and maintain transparent information disclosure. Compliance is enforced through annual reviews, mandatory record-keeping, and sanctions for non-compliance under the Financial System Supervision and Regulation Law.
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