Regulatory Alerts2012-08-31 | SGDB N° 040/2012Added · Updated
SGDB No. 040/2012: Submission of Payment Card Statistical Information
The Central Bank of Bolivia requires financial entities issuing and acquiring payment cards to transmit transaction data to Clearing and Settlement Entities (ESCL) within the first five business days following the reporting period. Clearing and Settlement Entities must consolidate, process, and forward this information to the Central Bank within ten business days of the relevant month. Failure to comply with these reporting obligations may result in sanctions imposed by the Central Bank under applicable regulations.
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