Regulatory Alerts2011-06-02
Added · Updated
Notice No. 03/2011 of June 2, 2011
The notice establishes standards for value remittance services provided by payment service providers in Angola, defining applicable scope, key terms, and participant roles. It imposes maximum monthly and annual limits on international remittances originating in Angola and mandates specific record-keeping, identity verification, and information disclosure obligations for service providers. Institutions must adapt their procedures within 60 days of publication, with violations subject to penalties under existing payment and statistical laws.