Chequepoint Loses Exchange License

Prague Morning

Prague Morning

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The Czech National Bank (ČNB) has finally taken action against one of Prague's most notorious money exchange outlets.

The ČNB announced on its website that it has decided to withdraw the authorization of Chequepoint to carry on exchange bureau activities, and the national bank has also issued a large fine.“The ČNB has taken this step because of repeated violation of legal duties relating to the carrying on of bureau-de-change activities,” Marek Zeman, director of the ČNB Communications Division, said in a press release.

Read the full article here (Prague.TV)

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