Authorised Dealers are referred to Exchange Control Circular No. 42/2010 dated 2010-11-15, and are advised that the procedures outlined below must be followed when reporting transactions involving the payment of the Voluntary Disclosure Programme (“VDP”) levies to the Financial Surveillance Department. Reporting via the electronic cross-border foreign exchange transaction reporting system by Authorised Dealers: The […]

Authorised Dealers are referred to Exchange Control Circular No. 24/2010 dated 2010-07-01 and are advised that the Exchange Control Regulations have been amended by the insertion of Regulation 24 to make provision for administrative relief in respect of persons who have contravened the Exchange Control Regulations. Accordingly, the attention of Authorised Dealers is drawn to