Regulatory Alerts2022-11-18
Circular to Banks and the National Office of Posts No. 11 for 2022
The Governor of the Central Bank of Tunisia mandates that banks and the National Office of Posts open a single campaign account for each legislative election candidate, funded exclusively by Tunisian Dinar or convertible Dinar transfers from natural persons while prohibiting legal entities and foreign individuals. The circular establishes strict operational requirements, including mandatory data verification, specific documentation for account opening, and the issuance of debit cards without overdraft privileges. Furthermore, it imposes timely reporting obligations to the Central Bank via digital and paper channels, designates liaison officers for implementation, and enforces a ten-year record retention period following account closure.
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