Regulatory Alerts2024-01-01
Bank of Zambia Circular 09/2024: Suspension of Investrust Bank from ZIPSS
The Bank of Zambia has suspended Investrust Bank PLC from the Zambia Interbank Payment and Settlement System (ZIPSS) following its regulatory possession on April 2, 2024. Consequently, payment instruments drawn on or in favor of Investrust will no longer be processed through the platform, and participants must cease accepting them. Financial and payment system providers are directed to implement this suspension immediately and sensitize their customers accordingly.
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