Regulatory Alerts2021-05-12
Circular 118 on the Submission of Reports Regarding Transfer and Exchange Operations
The Bank of the Republic of Haiti issued Circular 118 to mandate that banks and money transfer houses electronically submit specific daily and weekly reports regarding international transfers and foreign exchange operations. The regulation establishes strict reporting deadlines, requires the submission of sub-agent lists, and defines penalties for inaccurate information or late filings. These obligations entered into force on May 19, 2021, replacing previous annexes from Circular 114-2.
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