Regulatory Alerts2023-07-26
Added · Updated
Instruction No. 52 on the Prevention, Centralization and Dissemination of Information on Payment Incidents
The Central Bank of Congo establishes the Payment Incidents Registry (CIP) and mandates credit institutions, financial companies, and payment service providers to report client data, account details, and payment incidents within two working days. The regulation defines irregular payment instruments, sets a 10-year retention period for registry data, and imposes a warning letter requirement for unpaid checks, with a maximum fee of USD 20 equivalent. Bank and judicial bans are enforced, with specific procedures for lifting bans upon regularization of incidents and payment of penalties.