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Circular 2025 status not recorded

Circular G.G. N° 1/2025 medidas de mitigación del riesgo de fraude (Circular GG 1/2025 on fraud risk mitigation measures)

Issued by Banco Central del Paraguay

Plain-English summary

Circular of 7 March 2025 addressed to financial institutions that take part in the SIPAP payments system. It requires a fraud-prevention procedure and report to the BCP, one-time passwords for SIPAP transactions through digital channels, action against cloned or impersonating sites, and a protocol under which participants may block credentials or pause sending operations for up to 3 hours in LBTR hours (6 hours outside them) after notifying the BCP.

Who it applies to

Banking · Payments & Fintech

Topics

Cybersecurity & IT Risk Fraud Risk

Official source

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