New regulations, that were introduced in December 2018, have helped money exchange houses compete in the global transaction market and stay relevant.
That's the word from Rajiv Raipancholia, Treasurer of the Foreign Exchange and Remittance Group.
He told ARN News that the more stringent checks will mean better relationships between the houses and banks going forward.

Meta ordered to pay $567 million in New Mexico for teen mental health fund
UAE sets minimum excise price for e-cigarette liquids
Meta apologises to India for restricting PM Modi's post
Dubai Duty Free to offer payment in cryptocurrency
UAE's GDP grows by 3% to AED485 billion in first quarter of 2026
