Regulatory Alerts2023-04-14
Added · Updated
Compilation of Payment System Rules, Incorporation of Article 78.2 of Book VI - Automated Clearing Houses
The Central Bank of Uruguay incorporates Article 78.2 into Book VI of the Compilation of Payment System Rules, requiring financial intermediation institutions and electronic money issuers to disclose the identity of the originator or depositer to account holders receiving funds from third-party transfers or deposits. The rule mandates providing the full name for natural persons or the legal name for other entities, dissociated from the origin account data, with specific provisions for joint accounts. A transitional provision allows the Payment System Department to establish the effective date for deposits.
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