Regulatory Alerts2026-01-15 | EPD Circular Letter No. 02Amendment in Instructions Related to Business of Exchange Companies
The Exchange Policy Department has amended the Regulatory Framework for Exchange Companies to authorize digital home remittance disbursements via Raast. Exchange companies must secure prior departmental approval and complete Raast onboarding before crediting beneficiary accounts, microfinance banks, or electronic money institutions. All exchange companies are directed to disseminate these updated instructions to relevant personnel for immediate operational compliance.
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