Franchisee reporting and audit: require regular reporting, periodic spot audits and annual inspections to ensure compliance.

Franchisers in money changing must establish a reporting framework requiring franchisees to submit transaction reports regularly (at least monthly), conduct periodic spot audits of all franchisee locations using a dedicated team and incognito visits to test compliance, and implement an annual inspection of franchisee books to ensure operations conform with franchise agreements and Reserve Bank guidelines and that required records are maintained.

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