Regulatory Alerts2023-07-12
Added · Updated
Circular 4/2014: Regulations Governing the Issuance of Electronic Prepaid Cards
The Central Bank of Libya mandates that commercial banks strictly adhere to the operational guidelines and procedures for issuing and managing electronic bank cards as outlined in Circular 2003/16 and related directives. The Bank will conduct periodic inspections of all bank branches to verify compliance with these instructions, imposing penalties under Banking Law No. 1 of 2005 on any non-compliant institutions.
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