Regulatory Alerts2022-01-01
Regarding External Controls
The Central Bank of Djibouti mandates that all microfinance institutions undergo an annual external audit by a licensed statutory auditor and submit the complete audit report to the Bank. The Central Bank exercises comprehensive supervisory authority over these institutions, including the power to conduct on-site and document-based inspections, demand financial recovery plans, issue injunctions, and place non-compliant entities under provisional administration. Inspectors are granted unrestricted access to all necessary documents and information, with professional secrecy explicitly waived to facilitate regulatory oversight.
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