LiberiaCentral Bank of Liberia Mobile Money Regulations, 2014: Reporting of Security Breaches and Service Interruptions
Mobile Money Regulations, 2014, reg. 29 (reporting)
In force.
A vulnerability and incident reporting rule binding private bodies.
- Enforcement body
- Central Bank of Liberia
- Obligation class
- Reporting, Security
As of .
What it requires
- This reaches you where you are an authorized institution under the Mobile Money Regulations: a bank financial institution authorized to provide mobile money services, or a mobile money provider licensed by the Central Bank of Liberia (reg. 4.0) (reached by declaring that you are a bank or a payment provider).
- Promptly report to the Central Bank of Liberia any suspected or confirmed cases of fraud relating to the mobile money services, security breaches, any material service interruption or other significant issues which may affect the safety and efficiency of the services (reg. 29).
- Submit monthly reports to the Regulation and Supervision Department of the Central Bank of Liberia, not later than the 10th day of the following month, including incidents of fraud, theft or robbery and material service interruptions and major security breaches (reg. 29).
These lines are LexLint's reading of the law's text, as of .
What this law does
Regulation 29 requires an authorized institution to promptly report to the Central Bank of Liberia any suspected or confirmed cases of fraud relating to the mobile money services, security breaches, any material service interruption or other significant issues. Regulation 29 requires monthly reports not later than the 10th day of the following month.
When LexLint raises it
When your app profile says your app is a bank or is a payment provider.