1 comment.Central Bank’s directive on cheque payments comes into force on Saturday
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A reminder that the Central Bank of Malta is issuing Directive No. 19 which will come into force on the 1st of January, introducing regulations on the use of cheques and bank drafts.
It is issued under the Bank’s remit as per the Central Bank of Malta Act, and is binding on financial and credit institutions in Malta.
The Bank is also setting up a dedicated email – directive19@centralbankmalta.org - for any queries.
These are the main changes:
Further information may be found on the link in the first paragraph of this article.
the issuing of unpaid checks should be a fine for the issuer and the depositor and not terminated for 2 years.