RegAlert2014-08-22 | 29/08/2014Added · Updated
Circular SGDB No. 032/2014 on Confiscation, Seizure, and Invalidation of Counterfeit Banknotes and Coins
The Central Bank of Bolivia mandates that financial institutions immediately report, invalidate in the presence of the holder, and document any detected counterfeit banknotes or coins. Entities must submit seizure records to the Public Ministry or FELCC within three business days and provide copies to the Central Bank every three weeks for statistical validation. The Public Ministry and FELCC are required to remit seized counterfeit currency to the Central Bank every three weeks for laboratory testing and statistics. This instruction applies to all financial institutions and the general public throughout Bolivia, effective September 8, 2014.
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B.C.B. / DGD-VUC
2014 SEP -2 PM 3: 17
CORRESPONDENCE
GENERAL
SENT OUT
EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA
La Paz, August 22, 2014
SGDB No. 032/2014
FROM: GENERAL MANAGEMENT
TO: FINANCIAL ENTITIES (BANKS, FUNDS, MUTUALS, AND COOPERATIVES) SUBJECT: INSTRUCTIONS FOR BANKING AND FINANCIAL INSTITUTIONS AND THE GENERAL PUBLIC REGARDING THE CONFISCATION, SEIZURE, AND INVALIDATION OF COUNTERFEIT BANKNOTES AND COINS THROUGHOUT THE NATIONAL TERRITORY.
Ladies and Gentlemen:
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Lineage: Superseded
Timeline
Amended 1 time · last 2018-08-13
Source: Banco Central de Bolivia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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