Tag: Central Bank initiates regulatory actions against errant Money Changers

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Central Bank initiates regulatory actions against errant Money Changers

In response to several complaints that certain Authorized Money Changers are engaged in activities which are not in compliance with the Directions issued under the provisions of the Foreign Exchange Act No. 12 of 2017 (FEA), the Central Bank is conducting a series of spot examinations at the places of Authorized Money Changers. In the […]