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Notice Regarding PSD 2 System Upgrade


Dear Customer,

Please be advised that starting from 14th September 2019,the Second Payment Services Directive (PSD2) will be effective in all EU countries. In order to be in line with the Strong Customer Authentication requirement of PSD2 regulation, the Bank will collect and process your mobile number in order to generate the authentication code when you initiate a payment instruction from online banking. Without your consent the fund transfer of online banking service offered by the Bank will not continue.

In view of this, we would like to draw your attention to our Privacy Policy which can be accessed on our website: Our Privacy Policy provides details on the processing of your personal data and how you can exercise your rights.

Bank of China Luxembourg Branch
Bank of China (Luxembourg) S.A.
12th September 2019

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