Regulatory Alerts2026-02-01
Circular No. 04/LBC-FT/2026 on Implementation Modalities by Banking Law-Subjected Establishments of Their Obligations Regarding Organization, Internal Control, and AML/CFT Compliance
The Banque de la République du Burundi has issued Circular No. 04/LBC-FT/2026 to establish detailed implementation modalities for banking law-subjected establishments and currency exchange offices regarding their AML/CFT organizational, internal control, and compliance obligations. The Circular mandates the appointment of dedicated internal structures, robust information systems, continuous staff training, and periodic risk assessments while standardizing suspicious transaction reporting to the National Financial Intelligence Unit. It further prescribes specific quarterly foreign exchange reporting, internal audit requirements, and enforcement sanctions to ensure consistent regulatory adherence across all covered financial institutions.
Share