Joy 99.7 FM Renewal of Foreign Exchange Trading Licenses contingent upon sustained compliance, regulatory requirements – BoG to banks
In a statement, the Central Bank said failure to comply with the above directives constitutes a breach of prudential and foreign exchange regulations and may attract sanctions in accordance with the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930) and the Foreign Exchange Act, 2006 (Act 723).