Regulatory Alerts2025-04-16
Circular 95-5 on the Conditions and Procedures for Transaction Reporting and Transaction Reporting Thresholds
Issued by the Bank of the Republic of Haiti, Circular 95-5 mandates designated financial institutions to electronically or physically submit transaction reports to the Central Financial Intelligence Unit (UCREF) within strict daily or multi-day deadlines. The regulation establishes mandatory reporting thresholds for cash transactions, fund transfers, and electronic wires across banks, money transfer houses, currency exchange offices, savings and credit cooperatives, and microfinance companies, ranging from HTG 132,000 to HTG 1,320,000. Failure to comply results in escalating daily administrative penalties and fines from HTG 350,000 to HTG 750,000 depending on the nature of the violation, while the circular simultaneously repeals Circular No. 95-4 and takes effect immediately upon signature.