Ver Angola

Banking and Insurance

BNA will evaluate foreign exchange operations according to the financial capacity of customers

The National Bank of Angola (BNA) will use the financial capacity of customers as a determining factor for the execution of foreign exchange operations, regardless of the purpose of the operation and payment instruments used.

:

In notice 3/23, published in the Diário da República on 9 March, the banking regulator justifies the update of the rules applicable to foreign exchange operations by natural persons with the need to adapt to international standards "in the fields of foreign exchange and the prevention and combat of money laundering and terrorist financing".

He also stresses that the reforms implemented by the BNA in the process of liberalization and stabilization of the foreign exchange market resulted in the elimination of the licensing of foreign exchange operations, transferring the responsibility for their correct operation to the banks.

Banking financial institutions must ensure "the legitimacy of operations processed in their customers' quotas, regardless of whether the currency is national or foreign.

This context justifies the use of customers' financial capacity as a determining factor in the value of their foreign exchange transactions, maintaining alignment with the legislation and "with the principles that expenditures abroad must be aligned with the financial capacity of the originator and that amounts transferred by you must be on your own account and not on behalf of third parties".

The notice is intended for natural persons, over 18 years of age, who ordered the aforementioned operations and for banks.

In the case of foreign exchange residents, including foreign citizens residing in Angola, the value of operations cannot exceed their financial capacity (determined by reference to salaries, financial assets, including demand and term deposits, charges and expenses).

In addition to this limitation, the value of unilateral bank transfers cannot exceed 250,000 dollars per payer, per year.

Foreign exchange non-residents (except those in the oil sector, which have their own regulations) linked to an entity established in Angola can transfer their income abroad at any time, with any frequency that is longer than the receipt.

Income can also be transferred directly by the paying entity to the non-resident's bank account, except in the case of workers with an employment contract of more than 12 months who must open an account in their name.

The financial institution must verify the existence of the employee's bond and that the amounts to be transferred are consistent with the income earned.

Transfers of capital income, namely interest and dividends, as well as repatriation of capital imported into the country can be freely carried out, provided that they are duly documented.

Permita anúncios no nosso site

×

Parece que está a utilizar um bloqueador de anúncios
Utilizamos a publicidade para podermos oferecer-lhe notícias diariamente.