Regulatory Alerts2011-01-24
Instruction No. 2011-I-03 of January 24, 2011 amending Banking Commission Instructions No. 2010-01, 2010-02 and 2010-03 on information and documents submitted by manual money changers
The Prudential Control Authority amends Banking Commission Instructions No. 2010-01, 2010-02 and 2010-03 to update regulatory references, replace their annexes with standardized forms for Tracfin declarants and correspondents, and establish clear submission rules for annual statistical currency declarations and sworn statements. Manual money changers and related persons must now submit updated paper forms detailing designated personnel identities, currency purchase/sales amounts, or statutory activity thresholds to the Authority's General Secretariat. The revised framework consolidates reporting obligations, clarifies territorial and periodic requirements, and streamlines data processing for anti-money laundering supervision.
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