Its main businesses are international payments, bureaux de change and issuing prepaid credit cards for use by travellers.
Some shops will also accept euros and other currencies can be exchanged in bureaux de change.
Exchange control officials make spot checks on bureaux de change as resources allow.
Bureaux de change are another network by which money can be laundered and transferred.
We cite one example in our report involving money laundering in the north-west, where fantastic amounts were channelled through bureaux de change over a very short period.
The display of commission charges and exchange rates by bureaux de change has also been considered in the review of legislation on false and misleading price information.
Bureaux de change are required by exchange control to effect transactions at rates of exchange in line with those of the clearing banks.
Mention was also made of bureaux de change charges.
