Regulatory Alerts2013-09-05
Amended Regulations for the Licensing and Supervision of Foreign Exchange Bureaux
The Central Bank of Liberia amends its 2000 regulations to establish comprehensive licensing, operational, and supervisory requirements for foreign exchange bureaux. The updated framework mandates categorized capital deposits, standardized premises, mandatory transaction receipts, and monthly reporting to ensure compliance. It further outlines renewal procedures, inspection rights, license revocation grounds, and financial penalties for non-compliant or unlicensed operators.
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