Regulatory Alerts2018-05-25
Circular No. 01/EFI/2018 of May 25 - Form Models for Operationalizing Foreign Exchange Operations
The Bank of Mozambique issued Circular No. 01/EFI/2018 to mandate the use of standardized form models for all foreign exchange operations conducted by commercial banks. This directive requires banks to ensure their clients complete the appropriate forms to fulfill foreign exchange registration and verification obligations under Articles 6 and 9 of the Foreign Exchange Law. The circular takes immediate effect, supersedes conflicting provisions, and directs any interpretive queries to the Bank's Licensing and Foreign Exchange Control Department.
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