Legal 1

North Cyprus Central Bank supervises all banking regulations and the Banks registered in North Cyprusis subject to these laws. Banking Laws of North Cyprus Central Bank is comprised of 12 general chapters and 3 of these laws are listed below. For further detailed information please visit North Cyprus Central Bank website.

Please note that International Banking Units (IBUs) are not bound with Law No 40/2001 Savings Deposits Insurance Fund Law.

 

1. TRNC CENTRAL BANK LAW Law No: 41/2001
2. TRNC OFFSHORE BANKING LAW Law No: 46/2000
3. THE PREVENTION OF MONEY LAUNDERING LAW Law No: 04/2008 (only available in Turkish)

 

 

 

 

Source: http://www.kktcmerkezbankasi.org/