Regulatory Alerts2025-05-28
Notice No. 2 of 2025, dated May 21 – Foreign Currency Operations by Hotels, Travel Agencies, and Free Shops
The Bank of Angola issued Notice No. 2/2025 to update and simplify licensing requirements for hotels, travel agencies, tourism firms, and free shops to partially conduct foreign currency purchase operations. The regulation mandates prior authorization from the central bank, restricts these entities to purchasing foreign currency exclusively for their clients without selling it, and requires them to apply freely negotiated rates, display public exchange tables, and submit monthly statistical reports. Furthermore, it establishes strict anti-money laundering compliance proportional to business complexity, mandates a ten-year digital archiving period, and repeals the previous 2010 notice while defining clear penalties for non-compliance.
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