Money-changing and Remittance Businesses Act
(CHAPTER 187)

  Table of Contents

  Long Title

1 Short title

2 Interpretation

3 Scope of this Act

4 Authority responsible for administration of this Act

5 No person to carry on money-changing business without licence

6 No person to carry on remittance business without licence

7 Application for licence

8 Security deposit

9 Licensee not to open branch without Authority’s approval

10 Display of licence

11 Licence fees

12 Period for which licence is in force

13 False statements

14 Revocation of licence

15 Effect of revocation

16 Records

17 Information to be furnished by licensees

18 Power to enter premises, inspect and investigate

19 Power to issue directives

20 Power of arrest

21 Liability of directors, partners, etc.

22 Service of order, etc.

23 Conduct of proceedings

24 Indemnity

25 Customer’s funds to be kept separately

26 Auditors

27 Composition of offences

28 Exemptions

29 Regulations

  Legislative History