Regulatory Alerts2023-07-11
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Circular Letter No. 05/2023
The National Bank of Angola issued Circular Letter No. 05/2023 to require financial institutions to implement FATF countermeasures and enhanced due diligence measures for high-risk jurisdictions, the grey list, and Myanmar following the June 2023 plenary session. Financial entities must limit or terminate business relations, modify correspondent banking arrangements, and apply proportionate risk-based controls when engaging with these jurisdictions. The circular takes effect upon publication and directs institutions to consult the official FATF website for updated jurisdictional lists and risk assessments.
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