Regulatory Alerts2003-12-01
Added · Updated
Notice No. 04/GGBM/2003 on Data Processing Centers of Credit Institutions and Financial Companies
The Bank of Mozambique mandates that Credit Institutions and Financial Companies must locate their primary Data Processing Centers within national territory and maintain replica facilities at least 15 kilometers away. These replica centers must possess similar equipment and ensure operational continuity, with any off-shore replicas requiring prior regulatory authorization. Non-compliant entities were required to transfer their Data Processing Centers to Mozambique by June 30, 2004.
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