Regulatory Alerts2025-01-01
Reserve Bank of Fiji Operational Guidelines for Restricted Foreign Exchange Dealers and Money Changers
The Reserve Bank of Fiji issues these operational guidelines to regulate the daily activities and compliance requirements of Restricted Foreign Exchange Dealers and Money Changers licensed under the Exchange Control Act. The document mandates strict adherence to transaction limits, customer identification procedures, and record-keeping standards to prevent money laundering and ensure accurate reporting. It further outlines specific obligations regarding license renewal, fit-and-proper personnel criteria, and the submission of various operational and financial reports to the central bank and Financial Intelligence Unit.
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