Regulatory Alerts2020-01-01
Decree N°20-D9A/PR Promulgating Law N°20-005/AU on Payment Services and Payment Service Providers
The President of the Union of the Comoros promulgates Law N°20-005/AU to regulate payment services, electronic money, and payment service providers. The law establishes comprehensive obligations for providers regarding user contracts, authentication, data protection, and anti-money laundering compliance. It also defines the legal framework for electronic money issuance, account rights, and dispute resolution mechanisms supervised by the Central Bank of the Comoros.
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