Regulatory Alerts2018-12-10
Regulatory Instruction No. 21/2018 – Extension of Temporary Suspension of Licensing for Foreign Exchange Operations on Goods Imports
The National Bank of Angola extends the temporary suspension of prior licensing for goods import operations that remain unsettled more than 360 days after customs unloading clearance. Banking financial institutions must verify the legitimacy of these operations through supporting documentation before settlement, and this exemption remains valid until December 31, 2019. Non-compliance constitutes a punishable offense under the Foreign Exchange Law and Financial Institutions Bases Law, with all interpretation disputes resolved by the Bank.
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