Regulatory Alerts2025-06-26
Exchange Business Regulation
The Central Bank of the United Arab Emirates issued the Exchange Business Regulation to establish a comprehensive licensing and supervisory framework for entities conducting currency exchange and money transfer activities. The document defines specific license categories, permitted activities, and stringent eligibility criteria including minimum paid-up capital, bank guarantees, and ownership requirements. It further mandates strict operational standards covering corporate governance, IT infrastructure, anti-money laundering compliance, and ongoing reporting obligations to ensure market integrity and consumer protection.
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