Regulatory Alerts2012-04-25
Notice No. 22/2012 of April 25
The National Bank of Angola issued Notice No. 22/2012 to establish comprehensive identification and due diligence requirements for banking financial institutions under its supervision. The regulation mandates systematic customer verification, risk-based monitoring, and the appointment of a Compliance Officer to prevent money laundering and terrorist financing. It further defines specific procedures for occasional transactions, simplified and enhanced due diligence, third-party delegation, and the handling of politically exposed persons.
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