Regulatory Alerts1996-03-01
Notice No. 04/96 of 1 March
The National Bank of Angola mandates that financial institutions and currency exchange houses must immediately test suspected counterfeit foreign banknotes in the presence of the client using detection machines. Upon confirmation of counterfeiting, institutions must retain the notes, issue a detailed receipt to the client, and confidentially forward the notes to the Bank's Banking Supervision Directorate for final verification and retention. If the Bank does not confirm the counterfeiting, it will return the notes to the institution for immediate restitution to the client, with this procedure taking effect immediately.
Share