Results for unauthorized foreign exchange

Official Public Notice: The National Reserve Bank of Tonga (NRBT) wishes to inform the public that LWS Trading and RK3 Pacific Tonga Ltd., operating from Ma’ufanga, have to date, engaged in unauthorized foreign exchange services, in contravention of the Foreign Exchange Control Act 2018 (FEC Act). Providing money transfer services is classified as foreign exchange services, which are legally restricted to Authorized Persons holding a valid license issued by the Reserve Bank, as specified in section 13(1) of the FEC Act 2018.