A Fiji court has rejected Mahendra Chaudhry's application to have the charges against him quashed.
Earlier this month the Fiji Labour Party leader was found to be in breach of the country's foreign exchange rules.
The breach was in relation to 1.4 million US dollars Chaudhry had invested offshore without approval.
Fiji Village reports the High Court Judge, Justice Paul Madigan, found no merit in Chaudhry's application that the information filed against him was defective.
The defence had argued the charges alleged absence of approval from the Governor of the Reserve Bank, instead of the Minister of Finance as is required under the Exchange Control Act.
The court is due to hear mitigation submissions tomorrow before sentencing on Friday.
Chaudhry, who is also a former prime minister of Fiji, could face up to two years' imprisonment and fines amounting to just over four million US dollars.