2.4 Requirements for Trade License, Security and Reporting Systems

Effective from 15/8/2021

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.