National

Peru to close unregistered money exchange agencies

By Manuel Vigo

The Peruvian government has announced it would close several currency exchange business in October, as part of the country’s fight against money laundering and terrorist funding.

Peru to close unregistered money exchange agencies

(Photo: Peru21/Reference)

The Peruvian government has announced it would close several currency exchange business in October, as part of the country’s fight against money laundering and terrorist funding.


According to Peru21, the country’s Banking and Insurance Superintendence (SBS) warned that October 23rd would be the last day currency exchange agencies could register their businesses.


The registration, SBS said, is a separate requirement, independent of the operating license.


Any currency exchange service that is unregistered after the deadline will be shut down, the government warned.


Currently, SBS said, only 300 currency exchange agencies had registered.