Are Remittance Companies required to furnish information and statistical data?
Every Remittance Companies shall furnish to the Ministry of Finance:- (a) Not later than the 14th of every month a statement in the prescribed form showing the Total Money Remitted Abroad at the close of business on the last business day of the preceding month. The form shows the name of country or destination, total money remitted abroad in Brunei Dollars and in foreign currency. (b) Not later than the 14th of every month a Business Format of Money Remitted of B$5000 and above. The format shows the date, customers’ details including name, race/citizenship, identity card number and colour or passport number and total money remitted (B$), reason for remitting and full name and address of the receiver of the money remitted abroad. (c) Not later than 14th April 2007, 14th July 2007, 14th October 2007 and 14th January 2008 the List of Employee’s Name in Money-Remittance Business. The list shows the employee’s details including name, race/citizenship, identity card number and colour or pass
