Regulatory Alerts2018-12-17
Collection of Legal and Regulatory Texts Governing Banking and Financial Activity in the Republic of Guinea
The Central Bank of the Republic of Guinea (BCRG) issued this 2017 collection of legal and regulatory texts, including laws, decisions, and instructions, to govern banking and financial activities for credit institutions in Guinea. It comprehensively outlines the legal, institutional, operational, prudential, accounting, and anti-money laundering frameworks, alongside regulations for client relations and pecuniary sanctions. This edition incorporates seven new texts addressing aspects such as the organization of the Directorate of Banks, conditions for agency operations, notification requirements for administrators, appointment of a second auditor, participation holdings by credit institutions, and client rights regarding account opening.
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