Dubai: The Central Bank of the UAE (CBUAE) on Wednesday announced the introduction of a mandatory registration framework for Hawala providers or informal money transfer service providers that operate in the UAE. The newly introduced registration system is in accordance with the Registered Hawala Providers Regulations (Regulation 24/2019) and reflects the CBUAE’s continuous efforts to safeguard the UAE’s financial system, CBUAE said in a statement.
Back to top