Africa-Press – Angola. Banking financial institutions must subscribe to the Swift FIN Inform transaction reporting system, to ensure that data on international payment and receipt operations carried out are directly communicated to the National Bank of Angola (BNA).
According to Instruction nr. 01/2023 of the BNA, justifies the need to regulate the rules and procedures for reporting statistical information on transactions abroad by banks.
With this Instruction, the Central Bank also wants to ensure the quality of the system for monitoring and handling foreign exchange operations, as well as guaranteeing the correct definition and execution of the foreign exchange policy.
Banks communicate with the BNA through copies of messages MT103- Customer Payments and Cheques, MT202- Financial Ibstitution Transfers and MT700- Documentary Credits and Guarantees.
Still based on the Instruction, banking financial institutions will now obey new filling rules in SWIFT – Society for Intercancarias Mundiais Financial Telecommunications.
In order to adhere to the FINInform service, the BNA guarantees that it will not incur additional costs for banking financial institutions.
With this Instruction, the BNA revokes the previous Nr. 11/2022, of September 20, as well as all provisions that contravene the provisions of this document.
The Instruction comes into force 180 days after its publication.
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