Regulatory Alerts2013-01-01
CB Circular 13/2013: SWIFT FINInform BOP Registration
The Bank of Zambia issued Circular 13/2013 to mandate all commercial banks to enable electronic monitoring of cross-border transactions via the SWIFT FINInform system starting July 1, 2013. Financial institutions must authorize SWIFT to transmit copies of all inward and outward balance of payments messages directly to the central bank to ensure compliance with Statutory Instrument No. 32 of 2013. Banks are required to submit a completed registration form as a scanned copy to the designated email address and a hard copy to the Deputy Governor by 12:00 hours on June 26, 2013.
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