Regulation, Risk & Compliance
Uncategorized
UAE Central Bank issues new guidelines on hawala transactions
The Central Bank of the UAE issued fresh guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) for Registered Hawala Providers (RHP) in the UAE and Licensed Financial Institutions (LFIs) that provide services to RHPs. The new guidance, which came into effect on Wednesday, will help in effective…
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