2 Registration and other Requirements
2.1 Registration
Under Article 2 of Circular No. 24/2019, a resident natural person or legal person may not carry on Hawala Activity in the UAE unless the applicant holds a Hawala Provider Certificate issued by the CBUAE and registered in the CBUAE Hawala Providers Register. Any resident natural person or legal person may apply for registration and obtain a Hawala Provider Certificate from the CBUAE. The applicant should not be of UAE nationality, should be legally competent, and officially residing in the UAE. The said application shall be made on the CBUAE's prescribed forms on the CBUAE's website.8
8 Available at https://www.centralbank.ae/en/cbuae-amlcft.
2.2 CBUAE Notification of Approval/Rejection
Under Article 3 of Circular No. 24/2019, the CBUAE may agree or decline an application for a Hawala Provider Certificate. In case of approval, the CBUAE shall issue a Hawala Provider Certificate valid for one year, renewable for similar periods. The CBUAE shall notify the applicant in writing, and may include in the Hawala Provider Certificate whatever terms and conditions it deems appropriate. In case of rejection, the CBUAE shall notify the applicant in writing indicating reasons for rejection.
2.3 Re-Registration
Under Articles 2 and 4 of Circular No. 24/2019, RHP should submit to the CBUAE an application for renewal of the Hawala Provider Certificate within a period of not less than two months from the date of expiry of the original certificate or any renewals thereof. The said application should be made on the CBUAE's prescribed form titled ''Application to Re-register Hawala Providers'' on the CBUAE's website.
2.4 Requirements for Trade License, Security and Reporting Systems
As per Article 2 of Circular No. 24/2019 and the respective application requirements, RHP must complete the following requirements within 90 days from the date mentioned in the final registration certificate as well as submit proof of completion to the Licensing Division of the CBUAE:
• Add Hawala Activity to the commercial trade license. • Install security systems; i.e. CCTV and police connections. • Register in the relevant Services Access Control Manager (SACM) and subsequently to the UAE FIU's goAML portal by following the steps in the registration guides issued by the FIU previously sent to RHP. Registration on SACM is a prerequisite for goAML registration; • Register in the relevant SACM and subsequently to the CBUAE's Remittance Reporting System (RRS) for the daily reporting and Integrated Regulatory Reporting System (IRR) for the quarterly reporting (see Part II section 4 below). Registration in SACM is a prerequisite for RRS & IRR registration. In order to register in SACM, RHP will be required to provide the following information to the CBUAE via e-mail on hawala@cbuae.gov.ae: • Trade name of the RHP; • First and last name of the user; • Emirates ID number and copy of Emirates ID; • Email address; and • Mobile phone number. • RHP should register for the Integrated Enquiries Management System (IEMS) by referring to the IEMS User Guide available at the relevant link in FIU's website.9
Failure to submit the above within the specified period may result in a registration certificate withdrawal.
9 Available at: https://www.uaefiu.gov.ae.
2.5 Requirement for a Bank Account
As per Article 2 of Circular No. 24/2019 the RHP must maintain an account with a bank operating in the UAE to be used for settlement and provide the CBUAE with details of such account. In addition, they should inform their account manager at the bank of their intention to use the account to carry out Hawala Activity.