Regulations Concerning the Licensing and Operations of Electronic Payment Services in Liberia 24.3 All e-payment service providers shall submit an annual audit report including audited financials. The annual report shall be done by an external auditor that has to be approved by the CBL. PART V. STANDARDS ON APPLICATION AND SYSTEM SOFTWARE 25.0 STANDARDS FOR ELECTRONIC CHANNELS 25.1 The approved standards for compliance for all ATMs in Liberia shall be the Payment Card Industry Data Security Standards (PCI DSS). All epayment service providers are to comply with this standard. 25.2 All e-payment service providers shall also adhere to the standards set forth in the Guidelines on the Operations of Electronic Payment Channels in Liberia; 25.3 All e-payment service providers shall ensure that their platforms interface and are interoperable; 25.4 All e-payment service providers shall ensure continued support for their applications in the event the supplier goes out of business or is unable to provide service. This provision shall be made in the purchase agreement. 25.5 All e-payment service providers operating electronic products and services shall ensure proper connectivity of their platforms to the National Electronic Payments Switch (NEPS). PART VI – REMEDIAL MEASURES AND ADMINISTRATIVE SANCTIONS 26.0 PENALTIES 26.1 The CBL may impose a range of supervisory and administrative sanctions upon any financial institution as an entity as well as individual persons who violate any provisions of this Regulation. These may include:        Warning letter; CBL Directive to take specified corrective action; Administrative penalties, including monetary penalties of up to L$200,000.00; Civil penalties; Order to remove employee, officer, director or manager from position in the licensed institution; Full or partial suspension of financial activities until the violation or deficiency is rectified; and/or Permanent revocation of license. 17