Regulatory Alerts2012-01-01
CB Circular 03/2012 Enhanced Security Measures at Business Premises
The Bank of Zambia issued Circular 03/2012 to mandate enhanced security protocols for Financial Service Providers following a rise in armed robberies. Regulated entities must implement physical fortifications, surveillance systems, and staff vetting procedures by May 31, 2012. The central bank will conduct on-site inspections to verify compliance with these new safety requirements.
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