Regulatory Alerts2022-09-20
Instruction No. 11/2022 of September 20
The Banco Nacional de Angola issued Instruction No. 11/2022 to standardize the statistical reporting of foreign exchange transactions by commercial banks, mandating subscription to the SWIFT FIN inform system and strict adherence to MT103, MT202, and MT700 message formats. The directive establishes precise data completion rules for purpose codes, tax identifiers, and counterparty names, while waiving additional fees to encourage compliance. Non-compliance triggers penalties under existing financial and exchange laws, with the instruction taking effect thirty days after publication and resolving interpretative doubts directly through the central bank.
Share