According to a statement published on its institutional page, the BNA detected several infractions within the scope of a specific inspection of the Keve bank.
These include non-compliance with rules and procedures inherent to foreign exchange transactions, non-compliance with the duty to identify and assess the risk profile of customers in import and export transactions of goods, and deficiencies in the implementation of the corporate governance model.
The regulator, "with a view to ensuring the stability of the national financial system", determined the imposition of a fine in the amount of 30 million kwanzas, giving a period of 45 days for the suppression of deficiencies detected in the internal control system.
While the shortcomings detected are being removed, and until the BNA has instructed them to the contrary, all foreign exchange operations equal to or greater than 20,000 dollars will have to be validated by the compliance officer and expressly approved by the administrator of that department.
The bank Keve has as chairman of the board of directors (PCA) José Pedro de Morais, former governor of the BNA and former minister of finance, and as shareholders Rui Costa Campos (former PCA), with 36 percent and Spot Investimentos, SA, with 38 percent. The remaining capital is distributed among other shareholders, many of whom are well-known figures and politically exposed persons (PEP).
