India: RBI investigation into American Express Banking Corp over alleged non-compliance with data localisation requirements
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Announced lifting of restrictions imposed on American Express Banking Corp for compliance with data localisation requirements
On 24 August 2022, the Reserve Bank of India (RBI) lifted the restrictions on American Express Banking Corp, following the company's compliance with the localisation requirement for payment system data. On 23 April 2021, the RBI issued an order for…
SourceImplemented RBI ruling in investigation into American Express Banking Corp over compliance with data localisation requirements
On 1 May 2021, the Reserve Bank of India (RBI) implemented its restrictions on the card network American Express Banking Corp, forbidding it from onboarding new domestic customers. The American Express Banking Corp has been found non-compliant with …
SourceIssued RBI interim ruling in investigation into American Express Banking Corp over compliance with data localisation requirements
On 23 April 2021, the Reserve Bank of India (RBI) adopted restrictions on the card network American Express Banking Corp, forbidding it from onboarding new domestic customers from 1 May 2021. The American Express Banking Corp has been found non-comp…
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