• 6 Hawala Operators Fined Dh350,000 By UAE Central Bank

    The UAE Central Bank has fined six hawala operators Dh350,000 in violation of the country’s Anti Money Laundering and Combatting the Financing of Terrorism and Financing of Illegal Organisations (AML/CFT) laws. A statement issued on Wednesday said hawala providers were penalised for not registering on the regulator’s GoAML reporting system on time. “The Central Bank ...