From the comments and discussions we have held, we know that forex bureaus in line with the market dynamism, would like to expand their sphere of operations by offering more services and more products. In this regard and like any other good investment, the desire calls for enhancement of capital to be employed.
In addition, the guidelines must be reviewed to align them with the provisions of the existing laws, like the Proceeds of Crime and AntiMoney Laundering Act 2009, which came into operation on June 28, 2010. This law together with the guidelines define the reporting methods of transactions by institutions. 5.