Regulatory Alerts2022-03-15
Circular Letter No. 02/DCF/2022
The Banco Nacional de Angola’s Department of Financial Conduct issued Circular Letter No. 02/DCF/2022 to implement the Financial Action Task Force’s February 2022 plenary decisions regarding money laundering, terrorist financing, and weapons proliferation risks. The circular mandates financial institutions to apply enhanced due diligence and prior management authorization for transactions involving high-risk jurisdictions subject to countermeasures, while requiring documented risk assessments and archived records for countries under continuous grey-list monitoring. It further directs institutions to track jurisdictions recently removed from the grey list and provides official FATF web links for verifying jurisdictional statuses, with the circular taking effect upon publication.