Regulatory Alerts2023-11-28
Circular 95-4 on Transaction Reporting Transmission Procedures and Thresholds
The Bank of the Republic of Haiti issued Circular 95-4 to establish the procedures and thresholds for financial institutions to report transactions to the Financial Intelligence Unit. The regulation mandates daily electronic or timely paper submission of transaction declarations, with specific monetary thresholds varying by institution type, such as HTG 1,100,000 for banks and HTG 110,000 for money transfer houses. Non-compliance triggers daily administrative penalties ranging from HTG 90,000 for late submissions to HTG 175,000 for failure to submit, replacing the previous Circular 95-3 effective November 21, 2023.
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