MMA Revokes Express Money Exchange License
The Maldives Monetary Authority has revoked the license of Express Money Exchange Private Limited due to regulatory violations found during supervision.
Committee Passes Fines for Illegal Dollar Trading
Maldives' Public Accounts Committee passes new law imposing heavy fines for black market dollar trading and mandatory 20% currency conversion.
Parliament Orders Fenaka Addu Corruption Probe
Parliament has unanimously passed a motion to investigate corruption and money laundering allegations involving Fenaka Corporation’s Addu branches.
Deputy Speaker Nazim Removed from Key House Committees
Deputy Speaker Ahmed Nazim has been removed from the Public Accounts and National Security committees due to time constraints and other duties.
