Pursuant to the Foreign Exchange Control Regulations Section 3, all persons that intend to carry on the business of foreign exchange must submit an application to the Reserve Bank for a license to provide such services. The Reserve Bank is responsible for the licensing, regulation and supervision of authorized dealers providing foreign exchange services in and from Tonga.
“Authorised Dealer”, as defined by the Regulation, means “in relation to any foreign currency, a person appointed by the Reserve Bank by notice in the Gazette to act for the purposes of these Regulations as an authorised dealer in relation to that foreign currency. Such appointment may be subject to such restrictions as are set out in the notice.”
The public is reminded that pursuant to Regulation 11, “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 $20,000 or imprisonment for a term not exceeding 3 years, if a body corporate, to a fine not exceeding $200,000.”
Providing foreign exchange services without the required license is an offence and you are to immediately cease and desist such operations and apply to the Reserve Bank for a license.
The public is hereby encouraged to report any person or business providing unauthorized foreign exchange services to the Reserve Bank.
Fakafetongi Pa’anga Muli Ta’efakalao
Hūfanga ‘i he fakatapu kae ‘oatu ‘a e fanongonongo ko eni kiate kinautolu ‘a e ngaahi falekoloa fakatau fakamovetevete ‘i Tongatapu ni kae pehē mo e ngaahi ‘otu motu ‘oku nau kei hokohoko atu pe hono fakahoko ‘a e fakafetongi pa’anga muli lolotonga ia ‘oku ‘ikai ke nau ma’u ‘a e laiseni ke fakahoko ‘a e fakafetongi pa’anga muli mei he Pangikē Pule. ‘Oku fakamanatu atu ke mou mea’i, fakatatau ki he Tu’utu’uni 3 ‘o e Ngaahi Tu’utu’uni (Fakatonutonu) ki he Pule’i ‘o e Fetongi Pa’anga Muli kupu 3, kuo pau ke ma’u ha ngofua pe laiseni mei he Pangikē Pule ke malava ke te fakahoko ‘a e pisinisi fakafetongi pa’anga muli. Ko e Pangikē Pule ‘a e ma’u mafai ki hono laiseni mo tokanga’i ‘o e ngaahi kautaha fakafetongi pa’anga muli ‘i Tonga ´ni.
‘Oku fakamanatu atu heni ki he kakai ‘o e fonua΄ fakatatau ki he Tu’utu’uni 11, “Ko ha taha te ne fakahoko ha hia ‘i he ngaahi tu’utu’uni ni kuo pau ke ne mo’ua ‘o ka halaia – kapau ko ha taha fakafo’ituitui, ki ha mo’ua pa’anga ‘e ‘ikai laka hake ‘i he $20,000 pe ngaue pōpula ‘o ‘ikai laka hake ‘i he ta’u ‘e 3; kapau ko ha sino fakakautaha, ki ha mo’ua pa’anga ‘e ‘ikai laka hake ‘i he $200,000.”
Ko e hia ‘a hono fakahoko ko ia ‘o e fakafetongi pa’anga muli ka ‘oku te’eki ai ma’u ha laiseni mei he Pangikē Pule, pea ko ia ai ‘oku fiema’u ke ta’ofi leva ‘a e ngaue ta’efakalao ni ‘i he vave taha΄ pea fakahū mai ha’o tohi kole ki he Pangikē Pule ke ma’u atu ha’o laiseni.
‘Oku mau fakalotolahi atu heni ki he kakai ‘o e fonua´ ke mou kataki ‘o lipooti mai ki he Pangikē Pule ha fa’ahinga taha pe kautaha ‘oku ne fakahoko ‘a e fakafetongi pa’anga muli ta’efakalao ni.
