Financial Institutions (Foreign Exchange Bureau) Regulations 2014

Issued by the Commissioner of Financial Institutions under the Financial Institutions Act, 2012, these regulations establish a comprehensive licensing and regulatory framework for foreign exchange bureaus in Lesotho. The rules mandate a Type IV license, fit-and-proper assessments for key personnel, specific premises standards, mandatory electronic receipts, and travel currency purchase limits capped at US$10,000. Furthermore, the Commissioner is granted broad supervisory powers to conduct inspections, issue corrective directives, enforce anti-money laundering procedures, and impose penalties up to M250,000 for regulatory breaches.

Lesotho

Central Bank of Lesotho