6.2 The Terms and Conditions and any obligations arising out of or in connection with it shall be governed by and construed in accordance with the laws of the UAE. For entity customers the following will be reported to the Central Bank of UAE:NameAddress Taxpayer identification number(s) (TIN) or equivalent tax numberAccount number Account balance or value (as at a defined date)Income (interest, dividends, other income) earned on the accountGross proceeds from any sale or redemption of an assetFor Controlling Persons: Name of the Controlling Person Address of the … CBUAE is well known for its apt regulations which have protected UAE Financial and Banking sector from shocks of financial meltdown. 2.5 Any unauthorized use, reproduction or printing of the information, materials and proprietary rights contained in this Website is strictly prohibited. In Person at our HQ offices – CBUAE Compliance Unit, In writing to Compliance Unit/ CBUAE PO Box 854, Abu Dhabi, UAE. 5.1 This privacy policy forms part of the Central Bank of the UAE website general Terms and Conditions. In a press release issued yesterday on the 3rd of November 2020, the UAE Central Bank announced issuing of a new updated regulation on Stored Value Facilities (SVF). CBUAE is well known for its apt regulations which have protected UAE Financial and Banking sector from shocks of financial meltdown. If you do that, we shall use such details only to process your application for obtaining information or services. 4.1 To meet the user needs, links for other websites have been listed on this Website. Cookies help us deliver our Services. 37 of 2006 concerning private security companies Pages of this Website shall be uploaded within the full window of the user or as a new one. The central bank first introduced a regulatory framework for Stored Values and Electronic Payment Systems three years ago. E-mails or letters are sent proposing various schemes such as offering loans, investment opportunities or participation in financial transactions, and / or requiring an advance payment in connection with a transaction supposedly to be made through the CBUAE. Moreover, the authorized staff may only access the personal identity information, where such staff pledged to maintain confidentiality of the information provided. We urge you to make sure that all communications are legitimate and NOT to send money to any unauthorized individuals or institutions. The UAE Central Bank’s SVF Regulations released in early November repeals and replaces the 2016 Regulatory Framework for Stored Values and Electronic Payment Systems (SVF Regulations). History. Press question mark to learn the rest of the keyboard shortcuts. This new regulation comes just after the UAE Securities and Commodities Authority approved the legislation on crypto assets., and actually issued the new crypto law on November 3rd 2020. In addition, it shall not be also legally liable for any damage that may be caused to you or any person as a result of violation of privacy regarding information that might be transferred to the website. News, information, and advice for those visiting, living, or working in UAE. I. UAE Central Bank The Central Bank has issued the Regulatory Framework for Stored Values and Electronic Payment Systems on 1 January 2017 (‘Regulation’). 2.3 You may download or print information and material from this Website for personal use, use within an organization or non-commercial use. Laws and regulations; Laws related to anti-Money laundering; Major selected circulars and notices issued by UAE Central Bank to all banks and financial institutions; Laws concerning private security companies - Ministry of Interior. 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