Regulatory Alerts2024-12-18
Circular CN/2024/9916: Data Reporting in the Maldives International Transactions Reporting System
The Maldives Monetary Authority mandates that all banks transition from the testing phase to live reporting in the Maldives International Transactions Reporting System (MITRS) effective 1 January 2025. Banks must establish secure HTTPS connections to the production environment by 26 December 2024, as the test environment will cease operations on 31 December 2024. This directive supersedes Circular No: CN-SSD/2013/4 and requires all uploaded data to comply with the latest MITRS Reporting Guidelines.
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