Regulatory Alerts2022-04-06
Added · Updated
Circular on Accuracy of Information Provided to the Central Bank
The Central Bank mandates that banks ensure the accuracy of information and data provided to the supervisory authority, emphasizing that this responsibility lies with the board of directors and executive management. The directive addresses deficiencies in internal control and information systems that lead to inaccurate reporting. Failure to comply will result in the application of Article 88/b of Banking Law No. 28 of 2000, including the imposition of financial penalties.
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