Regulatory Alerts2020-02-01
BCRG Instruction No. I/DGSIF/DSIMF/012/2018 on Non-Employee Intermediary Agents Acting for Inclusive Financial Institutions
The Central Bank of Guinea (BCRG) issued this instruction to establish the regulatory framework for non-employee intermediary agents acting on behalf of inclusive financial institutions (IFIs). It mandates prior authorization, technical specifications, and standardized mandate contracts for agents handling deposits, payments, and electronic money services. Furthermore, it imposes strict reporting obligations, professional card requirements, fee structures, and BCRG oversight to ensure operational continuity, risk management, and consumer protection across the agent network.
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