Melie-Mei-Langi Foreign Exchange license revoked
- Details
- Category: Press Releases
- Created: 30 June 2015
As required under Regulation 3 of the Foreign Exchange Control Regulation 2000, the authority to conduct foreign exchange business in Tonga is restricted to persons who have been authorised by the National Reserve Bank of Tonga.
The National Reserve Bank of Tonga wishes to inform the general public that the license of Melie-Mei-Langi Co. Ltd has been revoked and is no longer authorized to conduct foreign exchange business:
Members of the public are encouraged to report to the National Reserve Bank of Tonga any person or business that is advertising or providing foreign exchange services but are not authorized dealers or authorized restricted dealers.
A person who commits an offence against these regulations shall be liable on conviction
- In the case of an individual, to a fine not exceeding TOP$20,000 or imprisonment for a term not exceeding 3 years;
- In the case of a body corporate, to a fine not exceeding TOP$200,000
For further details, please contact:
National Reserve Bank of Tonga
Telephone: (676) 24057 | Fax: (676) 24201
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
