Regulatory Alerts2017-02-03
Notice No. 02/2017 of February 3: Foreign Exchange Regulation - Opening and Operation of Deposit Accounts Held by Non-Resident Exchange Entities
The Governor of the Bank of Angola issued Notice No. 02/2017 to update the rules governing the opening and operation of national and foreign currency deposit accounts held by non-resident exchange entities and specific resident accounts. The regulation defines permissible credit and debit transactions for these accounts, mandates specific authorization for banking services to certain residents, and requires compliance with anti-money laundering and counter-terrorism financing standards. It revokes previous provisions from Notice No. 3/09 and enters into force upon publication.
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