Regulatory Alerts2023-09-11
Annexes - Instruction 15
The Central Bank of the Democratic Republic of Congo (BCC) requires financial institutions to complete an annual LBC/FT compliance questionnaire that mandates the implementation of robust risk mapping, targeted financial sanctions screening, and enhanced internal controls. The directive outlines precise procedures for suspicious transaction reporting to CENAREF, client identification standards, and constant vigilance measures tailored to high-risk, politically exposed, and occasional clients. Furthermore, it establishes a standardized monthly reporting framework tracking key AML/CFT metrics, including cash thresholds, risk profiles, and cross-border operations to ensure continuous regulatory oversight.
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