Instruction No. 05/2019 on the Treatment of Notes with Dubious Legitimacy

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INSTRUCTION NO. 05/2019 of July 5
SUBJECT: FINANCIAL SYSTEM

• Treatment of Notes with Dubious Legitimacy
  Whereas the Banco Nacional de Angola has prerogatives to proceed with the seizure of all notes suspected of counterfeiting, forgery, or alteration of face value presented to it, drawing up for this purpose the identification record of the notes and the bearer, as well as the grounds for suspicion; Whereas it is necessary to establish the procedures to be observed in the act of retention of counterfeit, forged, or suspicious notes; In exercise of the competence conferred upon me under the combined provisions of Articles 12 and 13, and Article 51, both of Law No. 16/10 of July 15 – the Banco Nacional de Angola Act. I DETERMINE:

1. This Instruction establishes the procedures to be observed in the act of
   retention of notes, expressed in Kwanza, whose falsity is evident or there are sufficient grounds to be presumed, regardless of the manner of their presentation and the context in which it occurs.
2. This Instruction applies to Financial Institutions, travel or tourism agencies,
   hotels, value transport companies, and commercial establishments that operate professionally with cash necessary for their economic-financial activity.

CONTINUATION OF INSTRUCTION NO. 05/2019 Page 2 of 5
3. The Institutions specified in paragraph 2 of this Instruction must retain,
immediately, the notes expressed in Kwanza, whenever there are indications of counterfeiting or forgery or sufficient grounds for presumption.
4. Whenever, repeatedly, facts occur that may indicate suspicion of
counterfeiting or forgery by a client, arising from deposits or payments involving substantial quantities of the aforementioned notes, they must be retained, and the responsible person of the Institution must immediately notify the competent authorities for the purposes of the respective investigation procedure.
5. The notes retained under the provisions of the preceding paragraphs must be
sent to the Circulating Medium Department (CMD) of the Banco Nacional de Angola (BNA), within a period of up to 5 (five) days, counted from the date of seizure of the aforementioned notes, by official letter, accompanied, obligatorily, by the note retention form, fully completed, and must include all information elements specified in the model contained in Annex I to this Instruction, which is an integral part.
6. It is the responsibility of the Circulating Medium Department of the BNA to conduct laboratory analysis
of the aforementioned notes, for confirmation of their authenticity.
7. The laboratory analysis specified in the preceding paragraph culminates with the production
of an expert report, which the BNA may share with the Institution that effected the seizure of the notes, containing data on the technology used for analysis of the notes, identification of the notes and the bearer, as well as the grounds for suspicion.
8. For the purposes of paragraph 2 of this Instruction, Institutions
are prohibited from altering the physical or visual characteristics of the retained notes, by affixing stamps, writings, staples, or other elements that directly or indirectly may prejudice their expert analysis.

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9. Notes with proven legitimacy are attached to the expert report,
so that Institutions proceed with their return to the respective holders, while counterfeit notes remain retained in the custody of the BNA.
10. The result of the note analysis process is communicated to the holders of the
retained notes within a maximum period of 30 (thirty) days.
11. Foreign currency counterfeit notes must be sent to the
competent authorities, accompanied by the duly completed form, contained in Annex II to this Instruction, which is an integral part.
12. For communications to the Banco Nacional de Angola, under this
Instruction, whenever applicable, entities specified in paragraph 2 must use the following contact:
§ Banco Nacional de Angola
§ Av. 4 de Fevereiro No. 151 - Luanda – Angola § P.O. Box 1243 § Tel: (+244) 222 679200
13. Failure to send information, provision of incorrect information, or
non-compliance with established deadlines subjects Institutions to the penalties provided in Law No. 12/15 of June 17 – the Basic Law of Financial Institutions.
14. Doubts and omissions resulting from the interpretation and application of this
Instruction are resolved by the Banco Nacional de Angola.
15. This Instruction enters into force on the date of its publication.
PUBLISHED.
Luanda, July 5, 2019.
THE GOVERNOR
JOSÉ DE LIMA MASSANO

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ANNEX I
Kwanza Note Retention Form
Model of Receipt for Note Retention due to Dubious Legitimacy Form No. …………… Date……../….../………….. 1 – Identification of the Institution responsible for retention Name:____________________________________________________ Address: _____________________________ Locality: _____________ Telephone: ___________________________ Employee Name:____________________________________________ 2 – Identification of the Bearer/Depositor Name:__________________________________________________________ Address:_________________________________________________________ Locality:______________________________________________________ Telephone ______________________________________________________ ID No. or Passport No.: ___________________________________________ (Mark with an X) Presented for:
Deposit______ Exchange_______ Change Operation Payment_______ 3 – Description of the retained note(s) Serial Number Face Value 4 – Signatures I declare that I have taken note of the retention documented by this document and confirm that the information provided to complete this form is true. Signature of bearer/depositor _____________________________ Date //______ Time _____ h _____ Received, on //____

Institution Stamp

Employee Signature

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CONTINUATION OF INSTRUCTION NO. 05/2019 Page 5 of 5
ANNEX II
Foreign Currency Note Retention Form
Model of Receipt for Note Retention due to Dubious Legitimacy Form No. …………… Date……../….../………….. 1 – Identification of the Institution responsible for retention Name:____________________________________________________ Address: _____________________________ Locality: _____________ Telephone: ___________________________ Employee Name:____________________________________________ 2 – Identification of the Bearer/Depositor Name:__________________________________________________________ Address:_________________________________________________________ Locality:______________________________________________________ Telephone ______________________________________________________ ID No. or Passport No.: ___________________________________________ (Mark with an X) Presented for:
Deposit______ Exchange_______ Change Operation _______ 3 – Description of the retained note(s) Serial Number Face Value 4 – Signatures I declare that I have taken note of the retention documented by this document and confirm that the information provided to complete this form is true. Signature of bearer/depositor _____________________________ Date //______ Time _____ h _____ Received, on //____

Institution Stamp

Employee Signature

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