The Central Bank of Paraguay has approved a new security framework for the Paraguayan Payment System, or SIPAP, adopting a fraud reduction strategy for SIPAP endpoints and a related monitoring standard aligned with Bank for International Settlements best practices. The measures set mandatory requirements for all SIPAP participants and are aimed at strengthening protection across the national payments ecosystem as financial fraud becomes more sophisticated. The framework applies to banks, finance companies, cooperatives and other SIPAP participants, with particular focus on the Instant Payment System, or SPI, and the Real-Time Gross Settlement System, or LBTR. It defines the roles, responsibilities and supervisory methodologies the central bank will use, with the measures centered on prevention, early detection and response to payment incidents affecting participating institutions and end users.
Central Bank of Paraguay2025-08-29
Central Bank of Paraguay approves mandatory anti-fraud security framework for SIPAP participants
The Central Bank of Paraguay approved a new security framework for SIPAP that includes a fraud reduction strategy for system endpoints and a monitoring standard aligned with BIS best practices. The rules are mandatory for all SIPAP participants, with particular focus on instant payments and RTGS operations.