The Maldives Police Service has received 65 reports concerning suspected illegal foreign currency transactions through its newly established hotline, with one expatriate already taken into Immigration custody based on information received.
In its latest update, police said the reports include information on 27 expatriates and 18 establishments allegedly operating unauthorized foreign currency exchange businesses.
Four other establishments were reported for allegedly engaging in illegal currency trading at inflated rates, while 16 online platforms were reported for facilitating such transactions.
Following the information received, Maldives Immigration has taken one expatriate into custody.
Police said they are working with relevant authorities to verify information concerning the remaining reported individuals, establishments and online platforms before initiating necessary legal action.
The Maldives Police Service thanked the public for its continued cooperation in reporting suspected illegal foreign currency activities.
