Regulatory Alerts2023-07-12
Circular No. 5/2017
The Governor issued Circular No. 5/2017 to establish executive procedures and controls implementing the earlier Circular No. 3 of 2016 regarding account opening for non-profit organizations and institutions. This directive mandates standardized operational guidelines to ensure regulatory compliance and financial transparency for these entities. It supersedes previous administrative practices by defining specific requirements for account establishment and ongoing oversight.
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