Regulatory Alerts2016-03-17
Added · Updated
Regulations on Current Accounts
The Central Bank of the Congo establishes the rules for opening, operating, and closing current accounts for the State, public bodies, banks, and, under special convention, the private sector. Account holders must provide specific documentation for approval, maintain a minimum credit balance of 100 FC, and are subject to automatic debits for debts owed to the Bank. The Bank reserves the right to close accounts without justification, particularly for non-compliance or issued checks without sufficient funds, and all disputes fall under the exclusive jurisdiction of the Courts of Kinshasa.
More like this from BCC
We email you every new BCC publication the day it's published.
Share