Revocation of Certificate of Authorisation of UAE Exchange Centre LLC - ಆರ್ಬಿಐ - Reserve Bank of India
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ಪ್ರಕಟಿಸಲಾದ ದಿನಾಂಕ ಅಕ್ಟೋಬರ್ 25, 2024
Revocation of Certificate of Authorisation of UAE Exchange Centre LLC
| The Reserve Bank of India, in exercise of the powers conferred on it under Section 8 of the Payment and Settlement Systems Act, 2007, has revoked the Certificate of Authorisation (CoA) of the below mentioned Payment System Operator (PSO):
Following the revocation of CoA, UAEEC cannot transact the business of cross border in-bound money transfer as ‘Overseas Principal’ under Master Direction on Money Transfer Service Scheme. (Puneet Pancholy) Press Release: 2024-2025/1371 |
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