FINES FOR VIOLATION OF RULES OF CONDUCT
Monday, 03 October 2022
The Banco de Moçambique hereby makes it known that, from June 2021 and August 2022, it penalized five credit institutions, with fines for the violation of rules of conduct, namely: Law No. 20/2020, of December 31 - Law on Credit Institutions and Financial Companies (LICSF); Notice No. 11/GGBM/99, of December 13 - Rules of Internal Control (NCI); Notice No. 2/GBM/2018, of April 16 - Code of Conduct of Credit Institutions and Financial Companies (CCICSF); Notice No. 9/GBM/2020, of December 31 - Complaints Handling Regulation (RTR); and Notice No. 1/GBM/2003, of February 28 - Regulation on the Check Appreciation Regulation (RC).
For further information, read the communiqué below.