4.1 Permitted and non-permitted services by RHP
Effective from 15/8/2021RHP are only permitted to provide well-defined services, which include non-commercial personal remittances and money transfer services to support commercial operations (such as trade transactions with jurisdictional corridors serviced by the hawala community).
RHP are not permitted to engage in any of the following transactions:
| • | Take deposits, exchange currencies or sell and purchase travellers' cheques; | |||||
| • | Provide any financial services other than money transfers (e.g. exchange of virtual assets/cryptocurrencies, loans, purchase of debts); or | |||||
| • | Execute transactions involving or on behalf of any other hawala provider in the UAE (as they are required by Circular No. 24/2019 to manage their business personally and never assign such task to another person, also known as "nesting''). This excludes the agents of the RHP in a foreign country (see also Part II section 3.3.5 below). | |||||