Regulatory Alerts2025-07-17
Added
Amendment to Proper Conduct of Banking Business Directive No. 367 on E-banking
The amendment to Proper Conduct of Banking Business Directive No. 367 requires banking corporations to provide substantiated information to other banking corporations to assist in identifying and preventing fraud, including account and payment instrument misuse. This obligation applies to all fraud types and mandates that information sharing be conducted as soon as possible after professional personnel determine there are reasonable grounds to suspect fraud. The collection, transfer, retention, and use of such information must comply with applicable privacy protection and competition laws. The amendments enter into force on December 31, 2025.
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Topics
fraud
privacy
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