Central bank oversight teams possess strong enforcement tools to compel non-compliant payment service providers to correct operational and legal deficiencies.

[Identify Control Deficiency] ---> Issue Formal Correction Notice ---> Levy Material Financial Fines ---> Revoke Operating License

If an oversight audit uncovers critical vulnerabilities—such as an EMI failing to safeguard customer deposits or running broken transaction screening systems—supervisors issue binding corrective directives and levy financial penalties. If the provider fails to address the violations, the central bank exercises its statutory authority to revoke the firm’s operating license and wind down its systems to safeguard market integrity.