Regulatory Alerts2016-07-21
Added
Proper Conduct of Banking Business Directive No. 367 on E-banking
The Banking Supervision Department establishes Proper Conduct of Banking Business Directive No. 367 to regulate e-banking activities for banking corporations and credit card companies. The directive permits remote account opening and service signing, requiring two-factor authentication for high-risk activities and specific thresholds for transfers. It mandates corporate governance oversight, customer protection measures including anomaly monitoring and alerts, and strict controls for data encryption and communication channels.
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