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THE REGULATORY AUTHORITY - STRUCTURE AND FUNCTION

The Central Reserve Authority of Western Sahara was created to institute a new system to manage, direct control, and supervise the international financial services industry and domestic non-bank institutions in Western Sahara.

The Central Reserve Authority of Western Sahara was founded in 2017 to control the range of activities to be regulated by the CRA of Western Sahara to include businesses operated or carried on under the Financial Institution Non-Banking Act, the Cooperative Societies Act, the Insurance Act. In addition to the above, this brought Western Sahara in line with current international trends toward consolidating the regulation and supervision of financial services under a single regulatory body.

Licenses

  • tax reduction incentives
  • asset protection
  • banking privacy
  • offshore accounts and
  • internationalising of business structure

FINANCIAL STABILITY

The Central Reserve Authority of Western Sahara, in cooperation with other authorities, contributes to the maintenance of safeguarding financial stability in Western Sahara. The Central Reserve Authority of Western Sahara drafts and implements the macro-prudential policy, which aims to prevent risks that threaten financial stability and increase the sustainability of banks and other financial institutions.