Regulatory Alerts2024-12-24
Directive No. 08/2024, of December 19
The Bank of Angola’s Financial Conduct and Regulation Departments issued Directive No. 08/2024 to mandate Commercial Banks to report safe deposit box rental and valuables custody data using standardized identification schedules. The directive requires quarterly electronic submissions in Excel format by the 15th day following each quarter’s end, accompanied by a compliance-officer-signed declaration of truthfulness. It establishes specific reporting metrics for box inventory, geographic locations, tenant details, and visit frequencies to ensure alignment with anti-money laundering and counter-terrorist financing regulations.
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