The fight against money laundering is a priority of UAE Exchange Centre. We recognize that the fight against money laundering is a team effort.

We support the major international organization, which collectively set and enforce standards for anti-money laundering policies and programs such as FATF,UN, The EU, The Organization of American States – The Office of Foreign Assets Control(OFAC) and the Local Regulatory Authority.

UAE Exchange Centre prohibits remittances to charitable, religious, sporting and social organizations and societies

Our co-operation to our regulators is in its entirety wherein we aim to maintain the highest operating standards to safeguard the interest of our customers, our shareholders, our staff and the communities where we operate.

In conducting business with due skill,care and diligence, UAE Exchange Centre seeks always to comply with both the letter and spirit of relavant laws,rules,regulation,codes and standards of good practice

We aim to promptly address any irregularities that may arise, as we believe in transparency in our financial and regulatory reporting with swift disclosure of any breaches.

We will deal only with customers producing valid identification as per the local regulatory requirements.for transactions of KD 300 and above, copy of the customers identity shall be retained with the remittance application, No Identity No Transaction

Regular customers are registered and issued a Gold Card/Swift Card with a Unique Customer Number

Identification of the Customer

Following are the Identities to be produced for conducting a Transaction

1. For Kuwaiti Citizens : Valid Civil Card
2. For Non Kuwaiti persons who are residents : Valid Civil Card
3. For Non Kuwaiti persons who are non residents : Valid Passport & Valid visit/transit visa
4. Individual Establishments : a) Licence issued by Ministry of Commerce & Industry b) Civil Card of the Owner of the establishment c) if represented by an agent, letter of representation and the civil card of the agent
5. Companies a) Articles of Incorporation and Articles of Association which is authenticated by the concerned bodies in the State b) Trade Licence c) Valid civil cards of the Directors d) Letter of representation for the agent and his valid civil Card/passport
6. Non resident establishments and companies : Proof documents approved by the concerned bodies in the state

1. For transaction upto KD 3000, cash can be accepted. For transactions above KD 3000, only bank cheques/transfers or other non cash payment tools will be accepted. Apart from a valid ID, customer has to declare the details like Purpose of Remittance and Source of Fund.
2. Western Union Money Transfer send transactions are limited to USD 7500.
3. Xpress Money transfer Transactions are limited to USD 5000 worldwide