Guidelines on the Treatment of Dormant Electronic Money Accounts and Unclaimed Balances, 2022 🇬🇭
Ghana
Notice bg-gov-sec-2022-12
Guidelines on the Treatment of Dormant Electronic Money Accounts and Unclaimed Balances, 2022
- Commenced on 1 November 2022
- [This is the version of this document from 1 November 2022.]
PART I – PRELIMINARY
1. Title
These Guidelines shall be cited as "Guidelines on the Treatment of Dormant Electronic Money Accounts and Unclaimed Balances, 2022".2. Application
These Guidelines are;(a) issued pursuant to Section 101 of the Payment Systems and Services Act, 2019 (Act 987);(b) applicable to Dedicated Electronic Money Issuers (DEMIs) and Float Holding Banks; and(c) applicable to any other Payment Service Provider (PSP) as may be determined by the Bank of Ghana.3. Objectives of the Guidelines
The objectives of these Guidelines are to:(a) operationalise section 33 of the Payment Systems and Services Act, 2019 (Act 987);(b) establish processes and procedures for reclaim of funds by dormant electronic money account holders or their legal representatives; and(c) ensure that fund…Read the Full Legislation on judy.legal
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