E-banking rules set for major overhaul in Bahrain

Bahrain - Legislation governing electronic banking and financial transactions in Bahrain will undergo an overhaul, the GDN has learnt.

Parliament and the Shura Council are currently reviewing existing legislation that deal with electronic cheques, receipts and cash transactions to ensure they conform to new practices and standards.

Experts are set to be called in by the financial and economic affairs committees in both chambers to help draw up security, protection measures and safeguard databases and procedures.

 

Source: https://www.zawya.com/mena/en/legal/story/Ebanking_rules_set_for_major_overhaul_in_Bahrain-SNG_183870453/

 

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