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Central Bank of The United Arab Emirates UAE FUNDS TRANSFER SYSTEM Technical Notes on Transaction Codes for BOP Document Code UAEFTSAUX700 201700103 Published: 4th September 2017UAE Funds Transfer
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The UAE funds transfer system is a mechanism that allows individuals and businesses in the UAE to transfer funds both domestically and internationally.
Any individual or entity engaged in financial transactions in the UAE may be required to file the UAE funds transfer system.
The UAE funds transfer system can be filled out online through designated platforms or by submitting physical forms to relevant authorities.
The purpose of the UAE funds transfer system is to track and monitor financial transactions to prevent money laundering, terrorist financing, and other illicit activities.
Information such as the sender's and recipient's details, transaction amount, purpose of transfer, and source of funds must be reported on the UAE funds transfer system.
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