Regulatory Alerts2020-06-11
Directive No. 01/DMA-2020 of June 12
The Department of Asset Markets of the Central Bank of Angola mandates Banking Financial Institutions to register foreign currency purchase and sale transactions of USD 50,000 or more on the Bloomberg FXGO platform. Institutions must execute these registrations via the FXGO Trade Affirmation command at contract execution, completing all fields except beneficiary banking coordinates, to ensure a truly representative reference exchange rate. Non-compliance constitutes a punishable offense under Law No. 12/2015, and the directive enters into force on June 22, 2020.
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