Express Money Exchange
2 articles
Latest
BusinessMS Finance license revoked over regulatory violations
The Maldives Monetary Authority revoked MS Finance’s money-changing license and issued a fine for regulatory violations. The firm is allegedly linked to a major money laundering case involving the Football Association of Maldives. This action is part of a broader government crackdown on the country's illegal foreign exchange market.
NewsSix expats arrested for trying to smuggle out foreign currency
Six foreign nationals were arrested at Velana International Airport for attempting to smuggle approximately MVR 3.8 million in various currencies hidden inside cereal packets. This operation is part of a broader government crackdown on the illegal foreign exchange black market to stabilize the country's economy.