UAE to tighten rules for 'terrorist' cash system

UAE - The United Arab Emirates is to tighten regulations for the hawala remittance system, the unofficial method of transferring money home used by millions of Asian and other expatriate workers in oil-rich Gulf states.

Hawala is widely regarded by western law enforcement agencies as an important element in the financing of global terrorism - and among the most difficult to penetrate and control reported the Financial Times.

According to Sultan al-Suwaidi, the UAE's central bank governor, the n

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