Regulatory Alerts2019-05-02
Central Bank of Tunisia Circular No. 2019-03 to Banks and the National Office of Posts dated May 2, 2019
The Central Bank of Tunisia issued Circular No. 30 of 1329 to mandate that banks and the National Office of Posts open a single, dedicated election campaign account for each municipal candidate list, managed by an appointed financial agent. The circular establishes strict funding sources limited to Tunisian dinar transfers from internal accounts, state grants, and cash or check deposits while explicitly prohibiting overdrafts, advances, foreign entities, and non-Tunisian natural persons. It further requires real-time system verification, prompt reporting of account openings and closure statements in paper and Excel formats, designated correspondent staff, and a ten-year retention period for all related documentation.
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