Regulatory Alerts2006-06-28
Added · Updated
Notice No. 2/GGBM/2006 Amending the Regulation on the Import and Export of Goods and Services
The Bank of Mozambique amends Articles 1, 2, 3, 4, 6, 13, and 16 of Notice No. 6/GGBM/2005 to update procedures for import and export transactions. The regulation mandates that banks verify the legal conformity of operations and restricts advance payments to cases where a banking guarantee is provided, requiring document submission within 90 days. Banks must adjust operations already initiated to these new provisions within 90 days of the notice's immediate entry into force.
Topics
fx
Share