Exchange Control Advisory Tool

Get the right support to make your cross-border foreign exchange transactions go smoothly
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Exchange control notification
“In terms of Circular No. 2/2020 issued by the Financial Surveillance Department of the SA Reserve Bank (“FinSurv”), the New Capital Flow Management Framework (“CFMs”) was announced, which entails the shift from the current negative bias framework of Exchange Controls to a positive bias framework, where all cross border transactions will be allowed, except for those that are subject to the CFM measures and/or those that pose a high risk in respect of illegitimate cross-border financial flows.
It is expected that unnecessary red tape on legitimate cross border flows will be reduced whilst robust measures will be introduced to detect and deter illegitimate cross-border financial flows. The new capital flow management framework and regulations will be implemented within a period of 12 months from the time the circular was issued, during which time the FinSurv together with other regulatory bodies, will draft and finalise the new CFM regulations, as well as implement the relevant tax amendments and also consult with relevant stakeholders.
For full details on the above Circular as well as related Annexures, we wish to refer you to the SARB website: https://www.resbank.co.za/
Regulation And Supervision Financial Surveillance and Exchange Control Exchange Control Circulars Exchange Control Circular No. 2-2020 and Annexures A and B Please be advised that in the interim the current Exchange Control system remains extant.”
The Exchange Control Advisory Tool assists you by facilitating the approval of exchange control applications that meet the rules, regulations and directives set by the South African Reserve Bank (SARB). Consistent education and understanding of exchange control is a key challenge, so to improve your experience and understanding of exchange control, we have designed and developed the Exchange Control Advisory Tool to help you identify specific requirements for processing your cross border foreign exchange transactions.
The Exchange Control Advisory Tool intuitively guides you to the transaction you wish to perform and then provides background on the specific payment types and the documentary evidence required by Standard Bank to perform the transaction on your behalf. The tool is web-based and also accessible through mobile devices by clicking here.
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Why talk to us
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What it does
The Exchange Control Advisory Tool assists you by facilitating the approval of exchange control applications that meet the rules, regulations and directives set by the South African Reserve Bank (SARB). Consistent education and understanding of exchange control is a key challenge, so to improve your experience and understanding of exchange control, we have designed and developed the Exchange Control Advisory Tool to help you identify specific requirements for processing your cross border foreign exchange transactions.
The Exchange Control Advisory Tool intuitively guides you to the transaction you wish to perform and then provides background on the specific payment types and the documentary evidence required by Standard Bank to perform the transaction on your behalf. The tool is web-based and also accessible through mobile devices by clicking here.