Regulation 2024
Aviso n.º 7/GBM/2024, de 1 de Abril – Limites transaccionais aplicáveis às instituições de moeda electrónica (Notice 7/GBM/2024 on transaction limits for e-money institutions)
Plain-English summary
Sets three client levels for e-money accounts with maximum balances and daily, annual and per-transaction limits in meticais (arts. 3-4); level I covers low-risk clients under simplified due diligence and level III micro and small enterprises. Signed 29 February 2024 and published on 1 April 2024. Issued under art. 56(2)(e) of Law 14/2023.
Who it applies to
Payments & Fintech
Topics
AML / CFT / Sanctions Payments & Fintech / Digital Assets
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