Since 25 May 25 2018, credit institutions have had to appoint a Personal Data Protection Officer (DPO) to comply with the European Regulation on the Protection of Personal Data (GDPR). This new function is part of the rapid development of new technologies and associated usages, but also of control authority’s determination to install a central player within organizations in the implementation of the new data governance.
Categorie: Regulations (Page 1 of 3)
Circulars related to the payment institution status have been published recently by Al-Maghrib Bank and specifies the details of implementation of the “banking law” dated 5 March 2015 in Morocco.
1 – What does it mean?
It’s a new payment instrument available 24/7/365 and resulting in the immediate or close-to-immediate interbank clearing of the transaction and crediting of the payee’s account with confirmation to the payer. (Definition of the Euro Retail Payment Board (ERPB)