Regulatory Alerts2017-01-10
Instruction No. 01-2017 of 10 January on Payment System Limits
The Governor of the Bank of Angola issued Instruction No. 01-2017 to mitigate risks in payment and settlement subsystems by establishing specific monetary limits. The directive sets the maximum value for standard checks and credit transfers at 9,999,999.99 Kz, while mandating gross settlement in the SPTR for transactions of 10,000,000.00 Kz or higher. Non-compliance with these requirements is subject to sanctions under the Payment System Law and the Bank of Angola Law.
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