Regulatory Alerts2013-04-29
Added · Updated
Instruction No. 5 to Credit Institutions Regarding the Risk Registry (Modification No. 3)
This instruction mandates credit institutions to automatically join the Central Bank of Congo's Risk Registry and transmit detailed client and credit data, including positive and negative payment information, in real time. It establishes strict confidentiality protocols, defines participant obligations regarding data accuracy and client consent, and sets a tiered fee structure based on transaction volumes. Non-compliance is subject to sanctions under existing banking laws, and the instruction supersedes all prior provisions effective from its signature date.
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