Regulatory Alerts2024-01-01
Instructions No. 14 of 2024 Regarding Cash Deposits in Fuel Station Accounts
The financial regulator issued Instructions No. 14 of 2024 to govern cash deposit operations for licensed fuel stations. The directive requires all station operators to channel daily revenue into designated bank accounts and maintain clear separation between operational funds and cash reserves. Operators must implement standardized deposit schedules, conduct regular account reconciliations, and submit compliance reports to ensure transparent fund management.
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