Having perused the provisions of Union Law No. (10) of 1980 concerning the Central Bank, the Monetary System and Organization of Banking;

Board of Directors' following Resolutions:

1- Resolution No. 31/2/1986 issued on 16/7/1986, regarding organization of the foreign exchange profession in the UAE.

2- Resolution No. 123/7/92 issued on 29/11/1992, regarding regulating of money changing business in the UAE

3- Resolution No. 204/7/98 issued on 03/11/1998.

4- Resolution No. 15/2/2013 issued on 12/03/2013, regarding new requirements for licensing of money changing business.

Circular No. 24/2000 - Regulation concerning Procedures for Anti-Money Laundering.

The Central Bank's Board of Directors has decided to issue these Regulations.