The Bank of Botswana revoked, with immediate effect, the licence issued to Travellers Choice Bureau de Change to transact foreign exchange business, citing non-compliance with the Bank of Botswana (Bureaux de Change) Regulations. The Bank advised the public not to transact foreign exchange business with any person purporting to trade in the name of Travellers Choice Bureau de Change. It also reminded the public that buying and selling foreign currency without a valid licence issued by the Bank is a criminal offence under Section 30(4) of the Bank of Botswana Act.
Bank of Botswana 2025-03-12
Bank of Botswana revokes Travellers Choice Bureau de Change licence for regulatory non-compliance
The Bank of Botswana revoked the licence of Travellers Choice Bureau de Change for non-compliance with Bureaux de Change Regulations. The public is advised against transacting with entities claiming to operate under this name, as unlicensed foreign currency trading is a criminal offence under Section 30(4) of the Bank of Botswana Act.