Regulatory Alerts2026-02-01
Circular No. 03/LBC-FT/2026 on the Typology of Suspected Operations, Issued Pursuant to Regulation No. 02/2026 on AML/CFT
The Governor of the Bank of the Republic of Burundi issued Circular No. 03/LBC-FT/2026 to establish the typology of suspected operations, implementing Regulation No. 02/2026 on AML/CFT and relying on several foundational banking, payment, foreign exchange, and anti-money laundering laws. The circular mandates financial institutions to identify, monitor, and report suspicious transactions based on the defined typologies. It operationalizes the legal framework by specifying practical classification criteria for detecting money laundering and terrorist financing activities across regulated entities.
BANK OF THE REPUBLIC OF BURUNDI
CIRCULAR NO. 03/LBC-FT/2026 ON THE TYPOLOGY OF SUSPECTED OPERATIONS, ISSUED PURSUANT TO REGULATION NO. 02/2026 ON AML/CFT
The Governor of the Bank of the Republic of Burundi,
Having regard to Law No. 1/34 of December 2, 2008 establishing the Statutes of the Bank of the Republic of Burundi;
Having regard to Law No. 1/17 of August 22, 2017 governing banking activities;
Having regard to Law No. 1/07 of May 11, 2018 establishing the National Payment System;
Having regard to Law No. 1/08 of March 27, 2025 amending Law No. 1/02 of February 4, 2008 on the fight against money laundering and terrorist financing;
Having regard to Foreign Exchange Regulations;
Having regard to Regulation No. 02/2026 on the fight against money laundering and terrorist financing, issued in application of Law No. 1/08 of March 27, 2025 amending Law No. 1/02 of February 4, 2008 on the fight against money laundering 300000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000002