Police conduct raid over suspected illegal currency exchange

The Maldives Police Service has conducted a special search operation as part of an ongoing investigation into suspected unlicensed banking services and illegal foreign currency exchange activities.

The operation was carried out today by the Complex Financial Investigation Unit of the Economic Crime Investigation Department, in collaboration with a dedicated task force.

According to police, the operation involved searches of premises linked to four expatriates and one Maldivian, as well as a retail outlet and the residence of an expatriate.

The Maldives Police Service said the investigation remains ongoing.

Authorities have not yet disclosed whether any arrests were made or whether assets or other items were seized during the operation.