Regulatory Alerts2020-10-27
Circular Letter No. 003/GAC/2020
The Banco Nacional de Angola has ceased issuing financial responsibility declarations effective November 3, 2020. Commercial bank clients are instructed to request these declarations directly from their respective banks for salary account transfers, domestic and foreign credit applications, and other financial system requirements. This measure reinforces strict regulatory compliance regarding minimum information disclosure to customers while upholding their right under Instrutivo No. 13/2020 to access CIRC records from any relevant financial institution.
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