Regulatory Alerts2019-12-11
Regulation on On-Site Inspections for Non-Bank Payment Service Providers and Criteria for Remedies and Sanctions
The National Bank of Moldova issued this regulation to establish the rules for conducting on-site inspections of non-bank payment service providers and the criteria for applying remedies and sanctions. It defines inspection types, frequency, and procedures, granting inspectors broad powers to access premises, documents, and IT systems while mandating provider cooperation. The document further outlines the process for reporting inspection results and determining specific sanctions for violations such as capital non-compliance, obstructing supervision, or submitting inaccurate information.
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