Regulatory Alerts2020-01-01
Agent Banking Guideline
The Reserve Bank of Fiji mandates minimum guidelines for commercial banks appointing agents to deliver banking services in underserved communities. The document establishes strict governance, risk management, and due diligence requirements for agent selection, while defining permissible transactions, contractual obligations, and consumer protection standards. It further outlines operational technology specifications, quarterly reporting duties, and supervisory oversight mechanisms to ensure compliance and mitigate financial and operational risks.
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