Regulatory Alerts2013-04-22
Notice No. 08/2013: Validation of Image Copies
The Central Bank of Angola issued Notice No. 08/2013 to establish the terms and conditions under which banking financial institutions must replace physical archiving of specified payment documents with electronic image copies. The regulation mandates that captured images fully reproduce original front and back sides, undergo secure destruction of originals, maintain duplicate indexed records in restricted-access locations, and be authenticated with dual signatures to grant them full probative value. It further specifies a minimum 180-day retention period for paper originals and a 10-year archiving requirement for digitized images, with all procedural doubts resolved directly by the Central Bank.
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