Regulatory Alerts2013-04-19
Notice No. 02/2013 of March 22 on Internal Control
The Bank of Angola issued Notice No. 02/2013 to mandate that authorized financial institutions implement an internal control system tailored to their nature, size, and complexity. The regulation defines key terms and establishes objectives including business continuity, reliable information, and legal compliance. It further assigns specific responsibilities to the administrative body to ensure ethical standards, risk management, and adequate resources for internal control functions.
Share