Regulation, Risk & Compliance
Tax
Uncategorized
UAE central bank issues new rules for payments systems in country, settling dirhams overseas
The Central Bank of the UAE has issued two new regulations that apply to payment systems operating in the country and payment systems that offer clearing or settlement in dirhams outside the UAE. The Large-Value Payment Systems (LVPS) Regulation and the Retail Payment Systems (RPS) Regulation aim to promote robust…
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Click here to read the full story: Khaleej Times