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 and renewal of money-changer’s licence
7A Application for or renewal of remittance licence
7B Criteria for granting, renewal or holding of remittance licence
8 Security
9 Place of business of licensee
9A Approval of partners or directors
9B Approval of substantial shareholdings
10 Display of licence
11 Licence fees
12 Period for which licence is in force
13 False statements
14 Lapsing, surrender, revocation, suspension and expiry of licence
14A Closure certificate
15 Appeals
16 Records
17 Information to be furnished by licensees
18 Power to enter premises, inspect and investigate
19 (Repealed)
20 (Repealed)
21 Liability of directors, partners, etc.
22 Service of order, etc.
23 (Repealed)
24 (Repealed)
25 Customer’s funds to be kept separately
26 Auditors
26A Jurisdiction of District Court
27 Composition of offences
27A Power of Authority to publish information
28 Exemptions
29 Regulations
30 Power of Authority to issue directions
Legislative History