Regulatory Alerts2025-08-12
Added · Updated
Cancellation of requirement to obtain proof of credit card use abroad for customers who communicated with the bank
The Central Bank cancels the requirement for banks to obtain proof of departure and arrival stamps from traveling customers who communicated with the bank to use their credit cards abroad. This exemption applies specifically to the obligation outlined in item No. 2 of the periodic book dated October 29, 2023. Banks retain the right to monitor credit card usage to verify it occurred while the customer was abroad. If a customer fails to submit documents proving such usage, the issuing bank must take the procedures stipulated in item No. 3 of the October 29, 2023 circular and adhere to the February 11, 2024 circular.
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