Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Police Raid Illegal Money Changers in Legian
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Jln. By Pass Ida Bagus Mantra,
Jln. Pucuk 1 No. 70X
Denpasar, Bali
Indonesia

24h:
+62 (0)812 3819724
Tel:
+62 (0)361 464 032, +62 (0)361 471 0242

Bali Discovery

SITE PATA ASITA
Bali News

Police Raid Illegal Money Changers in Legian

55 Unauthorized Money Changers Netted in One Day Sweep of Three Streets in Legian.


Bali News:
Click Image to Enlarge

(7/9/2006)

Responding to numerous complaints from the public regarding fraudulent practices by Bali money-changers, a team of village and local community associations conducted surprise raids on three main streets in Legian on Friday, July 8, 2006. Those raids – affecting Jalan Melasti, Jalan Padma, and Jalan Legian - netted 55 money changers operating without the required permits.

According to data provided by the Association of Foreign Exchange Operators (APVA), only 29 exchange counters are formally registered as foreign exchange operators in Legian, a number far less than the 55 illegal operators discovered in the Friday raids.

Of the 55 illegal money changers uncovered in the raids most were found to be operating without any of the required permits with the remainder found to be operating with expired licenses.

Operating licenses for money changers are only issued by Bank Indonesia. Among the requirements imposed by Bank Indonesia for a legal money changer operation are:

• Possession of local operating permit (SITU/HO).

• A standardized sign to mark the location of an authorized money changer.

• A safe for the storage of funds.

• A detection device for discovering counterfeit funds.

• A calculator.

• Forms for recording exchange transactions.

• Well presented staff to work in the money changer.

• A minimum office size of 2 x 2 meters for the branch office of a money changer.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
It’s a Jungle Out There!
The Ritz-Carlton, Bali Says ‘Thank You’ to Agents and the Press with a Night Adventure Safari Night
(4/22/2018)
Spanish Conquistador Lands at Nusa Dua
The Westin Resort Nusa Dua, Bali Welcomes Spaniar Oriol Montal As General Manager
(4/22/2018)
Stayin’ Alive in Bali
Skål Retro Night to Celebrate the 1960s, 1970s and 1980s at AYODYA Resort Bali on Saturday, June 2, 2018
(4/22/2018)
Defaming the Most Sacred
Follow an Act of Sacrilege at a Balinese Temple, Calls Grow to Ban Tourists from Entering Sacred Areas of Balinese Holy Places
(4/22/2018)
RIP: I Gusti Ayu Raya Rasmi 1939 – 2018.
The Queen Bee of Balinese Dance has Died
(4/22/2018)
Here Comes the Sun
Bali’s Green School Receives Donation of Solar Panels to Take Campus Off the Power Grid
(4/22/2018)
Horses for Underground Courses
Plans Being Drawn for Additional Underpass Near Gatot Kaca Monument at Bali’s Airport
(4/22/2018)
You Take the Long Road and I’ll Take the Short Road
Buleleng Regency Ready to Provide Land for Construction of a 1.8-kilometer Shortcut Highway Between Bedugul and Singaraja
(4/22/2018)
It’s Not Easy Being Green
Complaining Health and Crops are Affected, Celukan Bawang Residents in Demand Halt to Building Second Coal-Burning Power Plant in North Bali.
(4/22/2018)
Mythical Bird Scheduled for August Landing in South Bali
Garuda Wisnu Kencana Monument Promised to be Complete by August 2018
(4/22/2018)
The Cruelest Bite of All
Motorcycle Taxi Driver Who Had Tongue Nearly Bitten Off in Rape Attack Sentenced to 5.5 Years Prison
(4/22/2018)
A Sporting Chance
Bali Hopes to Win Bid to Host 2024 National Sports Games (PON-XX1)
(4/23/2018)
All [News]!