Regulatory Alerts2024-01-11
Added · Updated
Decision No 12 Approving the Regulation on Strong Customer Authentication and Open, Common, and Secure Communication Standards
The Executive Board of the National Bank of Moldova has approved a new regulation transposing EU technical standards to mandate strong customer authentication and secure open communication protocols for payment service providers. The framework requires providers to implement risk-based transaction monitoring, two-factor authentication codes with dynamic linking, and specific exemptions for contactless, low-value, and trusted beneficiary transactions. Compliance is enforced through mandatory triennial security audits, with the regulation entering into force on 1 February 2025 to standardize payment security across Moldova.