Luanda- National Bank of Angola applied in the second quarter of this year sanctions in the amount of 829 million kwanzas to banking (IFB) and non-banking (IFNB) financial institutions, entities it supervises.
BNA closed 47 cases for non-compliance with prudential and financial conduct rules, as part of the investigation and sanctioning procedures.
Of the total number of cases, 24 were applied to banking financial institutions and another 23 to non-banking financial institutions, such as exchange houses.
In the context of non-compliance, pecuniary sanctions were applied, by admonition, among others, Angop learnt on Friday.
Among the offenses recorded, there are breaches of the requirements for preventing and combating money laundering and the financing of terrorism and the proliferation of weapons of destruction, as well as regulatory standards on financial products and services made available to financial consumers.
The Central Bank also points out non-compliance with the regulatory reporting period on disbursed credit, the reporting of information on credit to the real sector of the economy, the fixed asset ratio limit and financial accounting information.
For non-banking financial institutions, the BNA closed 23 sanctioning proceedings, of which 17 were closed due to the revocation of licenses to carry out the activity.
Others culminated in pecuniary sanctions applied and admonition.
There were material of infractions, non-compliance with the reporting deadline for information on foreign exchange operations and the balance sheet of the third quarter of 2021, the mandatory information relating to maps of foreign exchange operations, management reports and accounts, corporate governance and quarterly balance sheets, among others.
