Regulatory Alerts2021-08-01
Circular Letter No. 05/DCF/2021 – Financial System: Goodness Declaration in Income Domiciliation Process
The Banco Nacional de Angola mandates Commercial Banks to stop requiring a banking-sector non-debt (goodness) declaration for income domiciliation changes. Banks verifying client liabilities within the Financial System must instead query the BNA's Risk Information Central (CIRC), utilizing their existing internal access tools. This directive becomes effective upon publication, reducing administrative burdens while preserving credit risk oversight.
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