Regulatory AlertsCircular 125 on Conditions for Opening New Commercial Establishments
The Bank of the Republic of Haiti issued Circular 125 to regulate the conditions and procedures for financial institutions to open new commercial establishments such as branches, agencies, and online services. The regulation mandates prior authorization, detailed market and feasibility studies, and strict compliance with security and internal control standards before any public announcement or operational launch. Non-compliance with reporting obligations or opening requirements results in significant daily fines and administrative sanctions under Haitian banking law.
Share