Regulatory Alerts2017-01-01
Instruction No. 01-2017 of January 10 on Payment System Value Limits
The Governor of the Bank of Angola issued Instruction No. 01-2017 to establish maximum value limits for standardized checks and credit transfers within the Credit Transfer System (STC) at 9,999,999.99 Kz. The directive mandates that all fund transfers equal to or exceeding 10,000,000.00 Kz must be settled via the Real-Time Gross Settlement System (SPTR), while explicitly exempting Ministry of Finance operations from these caps. Non-compliance with these requirements subjects financial institutions to sanctions under the Payment System Law and the Bank of Angola Law.
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