Regulatory Alerts2023-01-01
Bank of Zambia Export Proceeds Tracking Framework Directives
The Bank of Zambia has issued Circular No. 29/2023 to establish subsidiary legislation governing the Export Proceeds Tracking Framework Directives. These directives require commercial banks to systematically monitor and report export proceeds in compliance with the Bank of Zambia Act of 2022. Heads of commercial banks must submit their comments on the draft framework via email by November 10, 2023.
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