Regulatory Alerts2015-07-29
Added · Updated
Bank of Botswana Bureaux de Change Regulations
The Bank of Botswana issued these regulations to establish a comprehensive licensing and operational framework for bureaux de change. The rules mandate specific application procedures, annual fees, approved premises, and a daily cash transaction limit of P10,000 while requiring robust anti-money laundering measures and accurate record-keeping. The Bank retains inspection powers to suspend or revoke non-compliant licences, with contraventions subject to fines and formal appeal rights.
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