Regulatory Alerts2001-06-01
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Circular No. 03/2001 - Clearing Service Regulations Return Reasons Description
The Board of Directors of the Bank of Mozambique approved the description of return reasons for documents as an annex to Circular No. 03/2001. This annex defines specific codes and literal descriptions for clearing service returns, including reasons such as insufficient funds, account closure, forged checks, and discrepancies in signatures or clearing stamps. The regulation applies to entities involved in the clearing service and entered into force on July 2, 2001.
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