Includes how foreign exchange is managed and implications for U.S. business.
Last Published: 4/9/2019

CEMAC regulations require banks to record and report the identity of customers engaging in large transactions.  Additionally, financial institutions must maintain records of large transactions for five years.  CEMAC regulations do not stipulate a threshold amount for transactions to be reported.  A Gabonese law passed in July 2005 requires documentation for any foreign exchange transaction over one million Central African Francs (CFA) (approximately USD 2,000) for individuals or five million CFA (approximately USD 10,000) for companies.
 

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