2020

Licensing of Moneylenders in Tonga Notice

The National Reserve Bank of Tonga would like to REMIND any person or businesses who are conducting moneylending business without a license to contact the National Reserve Bank of Tonga immediately for licensing procedures and be licensed with the National Reserve Bank of Tonga by Friday 29th January 2021. All moneylending contracts entered into by a person or business without a valid license by the end of January 2021 will be deemed unenforceable.

Any person or business who conduct moneylending business without a valid license after the 29th January 2021 commits an offence and shall be liable upon conviction to a fine not exceeding $10,000 or to 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  72 KB - Download a copy of the full press release.

Press Release in Tongan  147 KB - Download a copy of the full press release.

See more Press Releases in 2020.