Middle East Economic Survey

VOL. XLVII

No 25

21-June-2004

UAE

REGIONAL BANKING

UAE Hawala Operators Increasing Compliance With New Regulations

Hawala operators hawaladhars in the UAE are being increasingly brought within the regulatory control of the Central Bank of the UAE (CBU) with greater transparency in the system, according to 'Abd al-Rahim al-'Awadi, assistant executive director of the CBU. Speaking at the third annual Conference on Risk Management 2004 organized by the Institute for...