National Reserve Bank of Tonga

National Reserve Bank of Tonga Cancels a Foreign Exchange Dealer License

The National Reserve Bank of Tonga wishes to inform the general public that the licence granted under the name of “Maka Moúi Trading Services & Financial Institutions Limited” to act as a foreign exchange dealer (License Type A) has been cancelled and is no longer authorised to conduct foreign exchange business.

Members of the public are hereby advised that the entities listed below are Authorised Persons licensed to deal in foreign exchange under the Foreign Exchange Control Act 2018 in Tonga:

License Type A (Inward & Outward Remittances)

1. FEXCO Tonga Limited
   
2. Frank Money Transfer
   
3. KlickEx Trading Limited
   
4. Manatu ‘Ofa Money Transfer
   
5. Rowena Financial Services t/a IMEX Money Transfer
   
6. 'Ave Pa’anga Pau – Tonga Development Bank
   
7. Island Flexi Transfer
   
8. Toumu’a Money Transfer
   
9. Fiefia Finance Money Transfer
   

License Type B (Inward Remittances Only)

1. Digicel Tonga Limited t/a Digicel Mobile Money
   
2. Tonga Post Limited
   
3. Nikua Money Transfer
   
4. Joy Trading Company Limited
   
5. Tokowireless Limited
   
6. L & G Money & Shopping Transfer

License Type C (Foreign Currency Conversion Only)

1. Jones Travel Limited
   

Foreign Exchange Dealer under Banking Licenses

1. MoneyGram Agent – Bank of the South Pacific
   
   1. Friendly Island Bookshops – MoneyGram Sub Agent to BSP
      
   2. LunaEva Malapo Branch – MoneyGram Sub Agent to BSP
      
   3. LunaEva Nuku’alofa Branch – MoneyGram Sub Agent to BSP
      
   4. LunaEva Veitongo Gas Station – MoneyGram Sub Agent to BSP
   5. LunaEva Maui Gas Station – MoneyGram Sub Agent to BSP
   6. Cocker Enterprise Store, Ma’ufanga - MoneyGram Sub Agent to BSP
      
   7. Sinipata Talanoatau Store, Longolongo - MoneyGram Sub Agent to BSP
   8. Maka Gas Station & Supermarket Store, Talau Vava’u - MoneyGram Sub Agent to BSP
      
   9. Gateway Petroleum Services - Neiafu Vavau - MoneyGram Sub Agent to BSP
   10. Matafonua Water Sports Resort, Faleloa Ha’apai - MoneyGram Sub Agent to BSP

Members of the public are cautioned against doing business with unauthorised foreign exchange dealers and are encouraged to report to the National Reserve Bank of Tonga any person or business that is advertising or providing foreign exchange services but is not an authorised foreign exchange dealer. Any person dealing with foreign exchange without a valid license commits an offense and is liable upon conviction to a fine not exceeding $10,000 or imprisonment for a term not exceeding three years or both.

Enquiries

Financial Institutions Department
National Reserve Bank of Tonga
Fasi mo e Afi
NUKU'ALOFA

Telephone: (676) 24057
Fax: (676) 24201
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Resources

Press Release in English 180 KB - Download a copy of the full press release.

Press Release in Tongan  177 KB - Download a copy of the full press release.