Regulatory Alerts2022-08-18
Circular Letter No. 07/2022, dated August 16
The National Bank of Angola's Department of Financial Conduct issued Circular Letter No. 07/2022 to implement the Financial Action Task Force's June 2022 plenary decisions on money laundering, terrorist financing, and weapons of mass destruction proliferation. The circular mandates financial institutions to apply enhanced due diligence and prior management authorization for transactions involving high-risk jurisdictions subject to countermeasures, while requiring risk assessments to account for countries under continuous monitoring. It further directs that all relevant transaction data be archived and specifies the official FATF web links for updated jurisdictional lists, with the circular taking effect upon publication.
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