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Police have launched a special operation targeting people involved in unlicensed foreign currency trading and illegal financial services.
Mariyam Adheela
Maldives Police Service inspects and shuts down two unlicensed money exchanging facilities in Male' City -- Photo: MPS
Male’: Police have started a special operation against illegal foreign currency trading.
The operation began on Tuesday.
Police said it is being carried out with the Economic Crime Investigation Unit and a special task force.
Four foreigners and one Maldivian were identified during the operation. Police also searched a shop and a residence linked to a foreign national.
The investigation is ongoing. Police have not released further details.
Police and the Maldives Monetary Authority have formed a task force to act against unlicensed currency traders.
Information can be sent to 9388733 through SMS, Viber, WhatsApp or Telegram.
Only businesses licensed by the MMA can legally conduct foreign currency exchange services.
