UAE's new money laundering checks help exchange houses

123rf

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.

 

More from Business

Latest Local News