Section 13: Licensing of cash dealers
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
13. Licensing of cash dealers
(1) No person shall, subject to subsection (2), engage in the business of
cash dealer in Mauritius without an appropriate licence granted by the central
bank.
(2) No person, other than a company, shall be granted a licence under
section 14.
(3) No person, other than a bank, shall engage—
(a) in foreign exchange business in Mauritius without a foreign
exchange dealer licence issued by the central bank; or
(b) in money changer business in Mauritius without a money changer
licence issued by the central bank.
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Questions this section answers
- Can someone run a foreign exchange or money-changing business without a licence?