Regulatory Alerts2018-11-29
Notice No. 09/2018 of November 29
The National Bank of Angola issued Notice No. 09/2018 to establish comprehensive operational rules for Exchange Offices, mandating enhanced conduct standards, permitted transaction limits up to USD 5,000 without customs declarations, and a maximum 10% margin over reference exchange rates. The regulation requires strict adherence to anti-money laundering and counter-terrorist financing procedures, including mandatory client identification documentation, daily operational logging in the SINOC system, and quarterly financial reporting via the SSIF portal. Furthermore, Exchange Offices must maintain transparent institutional portals, undergo annual external audits, and comply with standardized accounting and archiving obligations to ensure market stability and regulatory oversight.