FERG Highlights Anti-money Laundering issues

The UAE's Foreign Exchange and Remittance Group(FERG) held the third edition of its annual Anti-money laundering(AML) & Operations Heads conference at the Steigenberger Hotel in Dubai on Sunday. Attended by over 170 representatives from 65 exchange houses, the conference highlighted pressing issues related to AML,risks,measures, and solutions associated with the effective operations of foreign exchange and remittance service providers in the UAE. During Conference , representatives shared critical insights on the current state of compliance in exchange houses and discussed areas of improvement.