Uganda Parliament passes the Excise Duty (Amendment) Bill, 2018 which includes taxes of 1% on mobile money transactions, 200 Shillings per day for "over the top" Internet usage such as for popular apps as WhatsApp, Viber and Skype, among other taxes which are imposed specifically on telecommunications services and mobile money transactions and not on bank transfers.
Amendment to the Prevention of Corruption Act, 1988, which introduces several material changes to prior law covering bribes and undue influence concerning public servants. It covers the definition of criminal misconduct, approvals and sanctions which may be required prior to government investigation and also covers bribe givers in addition to recipients.
The Telecom Regulatory Authority of India (TRAI) issued “The Draft Telecommunication Interconnection (Amendment) Regulations, 2018” which suggests amendments to the “Telecommunication Interconnection regulations, 2018”.
The Nigerian Communications Commission has drafted the “Consumer Code of Practice Regulations 2018” which outlines procedures to prepare approved consumer codes by licensed telecommunications operators and the required contents and features of any consumer code prepared or applicable to a licensee.
The Central Bank of Nigeria (CBN) has published a revised regulation on direct debits scheme in the payments system in Nigeria. The revised guideline recognizes the existing and emerging multi-channel options for direct debit instructions in Nigeria and takes into consideration recent developments in the Nigerian payments system.
The Central Bank of Nigeria has developed “The Regulatory Framework for the Use of Unstructured Supplementary Service Data (USSD) in the Nigerian Financial System” to improve the security of their electronic payments system.
The Central Bank of Nigeria (CBN) has issued a new AML/CFT sanctions regime. The regime outlines tougher sanctions against financial institutions and top officials in case of money laundering infraction.
The Central Bank of Nigeria issued a circular, “Sanctions on erring banks/e-payment service providers for infractions of payments system rules and regulations”, which informs operators in the national payment systems- deposit money banks, mobile money operators, switches and other payment service providers- that it will face a penalty of N10,000 per day for as long as the specified license-related infractions persist, starting 1st April 2018.
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