Regulatory Alerts2023-07-26
Added · Updated
Administrative Instruction No. 006 Regulating the Activity of Financial Messengers (Modification No. 2)
The Central Bank of Congo establishes regulatory conditions for financial messengers, defining two categories: Category A (national operations) requiring a minimum capital of USD 75,000, and Category B (international operations) requiring USD 150,000 or USD 200,000 for subsidiaries of international firms. The instruction mandates prior approval for establishment, specifies mandatory equipment and IT security standards, and imposes strict eligibility criteria for operators and agents, including criminal background checks and anti-money laundering compliance. It further regulates the opening of branches, the use of agent networks, and the calculation of own funds to ensure financial stability.