Regulatory Alerts2015-02-03
Regulation No. 00.9/2015/BCC on Movements Recorded on Correspondent Accounts of Credit Institutions
The Governor of the Central Bank of the Comoros issued Regulation No. 00.9/2015/BCC to mandate monthly reporting of all movements on foreign correspondent accounts by credit institutions. The regulation requires banks to submit detailed statements categorized by client transactions, establishment operations, treasury management, foreign currency purchases, and adjustments, expressed in thousands of Comorian francs. This regulation supersedes the previous circular of December 16, 1991, and entered into force upon its signature on January 28, 2015.
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