The measure is expressed in Instruction No. 01/2023 of 9 January, which determines the "rules and procedures that banking financial institutions must observe when reporting statistical information on transactions with foreign countries".
The BNA, in the instruction – cited by Angop and to which VerAngola had access – explains that there was a "need to regulate the rules and procedures for reporting statistical information" about transactions with the outside world by banking institutions, with the aim to ensure "the quality of the system for monitoring and processing foreign exchange operations", as well as ensuring "the correct definition and execution of the foreign exchange policy".
Thus, communication with the central bank must be done "by means of copies of messages MT103 - Customer Payments and Cheques, MT202 - Financial Institution Transfers and MT700 - Documentary Credits and Guarantees", reads in the instruction.
In addition, according to the document, banks will also start to comply with the new filling rules in SWIFT.
With regard to expenses, the BNA ensures that "subscribing to the FINInform service does not entail any additional cost" for institutions.
This instruction, advances the central bank, "comes into force 180 days after its publication".
See the instruction in full here.
