Regulatory Alerts2023-11-06
Circular Letter No. 08/2023
Issued by the Department of Financial Conduct of the Central Bank of Angola, Circular Letter No. 08/2023 mandates Financial Institutions to standardize and implement periodic training programs for internal control functions, including compliance, risk management, and internal audit. The directive establishes minimum content, training levels (basic, intermediate, advanced), periodicity schedules, and certification requirements tailored to governance bodies, managers, and staff across business and support functions. Furthermore, it defines rigorous principles for training delivery, evaluation methods, and material dissemination to ensure robust risk governance and alignment with domestic legal frameworks and international best practices.
Share