Regulatory Alerts2025-03-01
BCRG Regulation No. 095/2021 on International Transfer Requirements for Counterparties
The Central Bank of the Republic of Guinea (BCRG) issued Regulation No. 095/2021 to require initiators and beneficiaries of international transfers to provide supporting documentation, such as invoices or contracts, verifying transaction compliance with stated purposes. The regulation mandates that transfers be processed only after competent departments validate these documents, or else they will be rejected or held for fifteen days pending additional information. Execution of previously suspended transfers resumes only after the Compliance Unit reviews and approves the newly submitted evidence.
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