Where higher risks are assessed supervised institutions may also invoked processes that go beyond identification, such as verification of sources of income or wealth. 3|Page  will also provide more education on cyber security, to increase public comfort and acceptance around the use of digital financial products. Near-Term Priorities There are necessary further reforms that the Central Bank will target in the near-term.
       Under the Payment System Act, the Bank will propose new regulations to strengthen consumer protection, along evolving best international standards. These would apply to savings and checking accounts; debit and credit cards, and to stored value products, where the common thread is the actual or potential use of such facilities to effect payments.