Regulatory Alerts2012-04-13
Notice No. 12/2012 of April 13
Issued by the Office of the Governor of the National Bank of Angola, Notice No. 12/2012 establishes detailed regulatory requirements for non-bank financial institutions to implement a comprehensive anti-money laundering and terrorist financing prevention system. The notice mandates strict customer identification and due diligence procedures, including specific documentation for individuals and legal entities, continuous transaction monitoring, and rules for occasional transactions and third-party delegation. It further defines key terms, outlines the role of the Compliance Officer, and specifies verification timelines and risk-based controls to ensure regulatory compliance.
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