Circular Letter No. 07/2022, dated August 16

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CIRCULAR LETTER NO. 07/DCF/2022 SUBJECT: FINANCIAL SYSTEM

• Disclosure of Measures by the Financial Action Task Force (FATF) Considering the need to protect the international financial system from risks associated with Money Laundering, Terrorist Financing, and Proliferation of Weapons of Mass Destruction, the Financial Action Task Force (FATF), held a plenary session between June 14 and 17, 2022, to define policies of prevention and interruption of financial flows that support crime and terrorism, highlighting the disclosure of the following documents:

1. HIGH-RISK JURISDICTIONS SUBJECT TO THE APPLICATION OF COUNTERMEASURES The document identifies jurisdictions subject to countermeasures and jurisdictions with strategic deficiencies in money laundering and terrorist financing (ML/TF) that have not yet made sufficient progress to address these deficiencies and/or have not agreed with the FATF on an action plan for this purpose. On the other hand, the list of high-risk jurisdictions subject to countermeasures remains unchanged since the February 2020 plenary session to date. Countries subject to countermeasures are indicated on the FATF website and can be consulted via the following link: https://www.fatf-gafi.org/publications/high-risk-and-other-monitored-jurisdictions/documents/call-for-action-june-2022.html, namely: the Democratic People's Republic of Korea (North Korea) and the Islamic Republic of Iran.

CONTINUATION OF CIRCULAR LETTER NO. 07/DCF/2022 page 2 of 4 2. JURISDICTIONS UNDER CONTINUOUS MONITORING The document identifies jurisdictions with strategic deficiencies in ML/TF that have developed an action plan to address them and are subject to a monitoring process by the FATF. This does not call for the application of enhanced due diligence measures to the jurisdictions in question; however, it encourages all jurisdictions to consider the status of countries listed here when conducting their risk assessments. Countries falling under the situation described in this point, also known as the "grey list", along with the status of their systems for preventing and combating money laundering, terrorist financing, and weapons of mass destruction proliferation, are indicated on the FATF website and can be consulted via the following link: https://www.fatf-gafi.org/publications/high-risk-and-other-monitored-jurisdictions/documents/increased-monitoring-june-2022.html, namely: Barbados, Burkina Faso, United Arab Emirates, Gibraltar, Cayman Islands, Jamaica, Syria, Kingdom of Cambodia, Hashemite Kingdom of Jordan, Kingdom of Morocco, Republic of Albania, Arab Republic, Republic of the Philippines, Republic of Haiti, Republic of Yemen, Islamic Republic of Pakistan, Republic of Mali, Republic of Nicaragua, Republic of Panama, Republic of Senegal, Republic of South Sudan, Republic of Turkey, Republic of Uganda and Republic of the Union of Myanmar. 3. JURISDICTION NOT SUBJECT TO CONTINUOUS MONITORING BY THE FATF The document identifies jurisdictions that, having fulfilled their action plan, have been removed from the so-called "grey list", ceasing to be under quarterly monitoring by the FATF. Countries falling under the situation described in this point are indicated on the FATF website and can be consulted via the following link: http://www.fatf-gafi.org/publications/high-risk-and-other-monitored-jurisdictions/documents/increased-monitoring-june-2022.html, namely the Republic of Malta.

CONTINUATION OF CIRCULAR LETTER NO. 07/DCF/2022 page 3 of 4 4. PROCEDURES AND MEASURES ADOPTED BY FINANCIAL INSTITUTIONS Considering the content of documents produced by the FATF and within the scope of the information dissemination duty to which supervisory authorities are bound under Article 55 of Law No. 05/20, dated January 27 – (Law on the Prevention and Combating of Money Laundering, Terrorist Financing and Proliferation of Weapons of Mass Destruction), the National Bank of Angola hereby directs the following: a) To Countries or Jurisdictions in the situation described in point No. 1 of this circular and indicated on the FATF website: i) Financial Institutions must apply enhanced due diligence measures, in accordance with Articles 14 and 28 of Law No. 05/20, dated January 27, to any business relationships, occasional transactions and operations conducted with individuals, entities, and unincorporated collective interest groups1 related to the country or jurisdiction in question. Among the measures to be applied, prior submission of the operation for authorization by the governing body (board of directors, management) must be included; ii) If it deems the applied or to-be-applied enhanced due diligence measures insufficient, consider not initiating or terminating the business relationship or transactions; b) To Countries or Jurisdictions in the situation described in point No. 2 of this circular and indicated on the FATF website, consider their status in customer and transaction risk assessments. This information must be archived in the files related to the respective transactions; and, 1 Including their respective representatives and beneficial owners.

CONTINUATION OF CIRCULAR LETTER NO. 07/DCF/2022 page 4 of 4 5. Supplementary information on the conclusions of the FATF plenary meeting may be obtained from the official FATF website at: http://www.fatf-gafi.org/publications/fatfgeneral/documents/outcomes-fatf-plenary-june-2022.html. 6. This Circular Letter enters into force on the date of its publication.

Luanda, August 16, 2022. DEPARTMENT OF FINANCIAL CONDUCT

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Osvaldo Manuel Pedro dos Santos -Director-