Regulatory Alerts2014-12-11 | SGDB N° 051/2014Added · Updated
SGDB N° 051/2014: Transfer of Funds from Dormant Accounts (Art. 1308 Commercial Code) to the General Treasury
The Central Bank of Bolivia mandates that starting December 15, 2014, the transfer of funds in national and foreign currency from dormant accounts under Article 1308 of the Commercial Code to the General Treasury (account 0764) must be processed through the Integrated Payment Liquidation System (LIP). This operational change requires financial institutions participating in the LIP to execute these transfers between 08:30 and 18:30, as detailed in the LIP Operational and IT Guide (v.1.0).
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