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Companies unauthorised to carry on cash transfers to and from the national territory

1. In accordance with the legislation in force (1), cash transfers to and from the national territory can only be carried on by credit institutions whose purpose includes this activity and by duly authorised exchange offices.

However, it has come to the knowledge of Banco de Portugal that some unauthorised entities have carried on such operations, which is an ilicit practice, subject to the penalties provided for by law.

In these circumstances, Banco de Portugal informs the general public that the companies listed below are not authorised to carry on the above-mentioned operations:

  • A.J.R. MONTEIRO-SOCIEDADE UNIPESSOAL, LDA., in its branch with the designation Recanto Brasil (located at Rua João Tavira, no. 4, Sala A1, Funchal) or any other branch;
  • any other entities in which ABEL JAIR DO REGO MONTEIRO performs management or administration tasks.

2. Exchange offices authorised to transfer money to/from abroad are duly listed in the Official Bulletin of Banco de Portugal and on the List of Authorised Institutions of Banco de Portugal's website (2).

Lisbon, 7 November 2005(1) 

  • Article 8 (2) and Article 4 (1) (c) of the Legal Framework of Credit Institutions and Financial Companies, approved by Decree-Law No. 298/92 of 31 December (as amended by Decree-Law No. 201/2002 of 26 September).
  • Article 1 (4) of Decree-Law No. 3/94 of 11 January (as amended by Article 1 of Decree-Law No. 53/2001 of 15 February).
  • Notice No. 3/2001 of 7 March, published in the Official Gazette, Series 1, B, of 20 March.

 

(2) 

On this date, the following exchange offices are authorised to transfer cash to and from the national territory: 

  • AGÊNCIA DE CÂMBIOS CENTRAL, LDA.
  • COTACÂMBIOS - AGÊNCIA DE CÂMBIOS, S.A.
  • MUNDIAL - AGÊNCIA DE CÂMBIOS, LDA. 
  • MUNDICÂMBIOS – AGÊNCIA DE CÂMBIOS, LDA.
  • NOVACÂMBIOS - AGÊNCIA DE CÂMBIOS, S.A. 
  • SOARES & SUTTON-REMESSAS RÁPIDAS, AGÊNCIA DE CÂMBIOS, LDA.
  • TRANS-ENVIO - AGÊNCIA DE CÂMBIOS, LDA. 
  • UNICÂMBIO - AGÊNCIA DE CÂMBIOS, S.A. 
  • UNO MONEY TRANSFERS, AGÊNCIA DE CÂMBIOS, S.A.