Services

Foreign Exchange Rates and Dealing

Gulf Express Exchange is equipped with Reuters and carries out all foreign exchange business on (real time) on-line basis on competitive rates. We deal with local as well as foreign banks and exchange houses to timely cover all our foreign exchange exposures.

Countries of Home Remittance and Correspondent Banks

$

India

$

pakistan

$

bangladesh

$

philippines

$

bahrain

$

hong kong

$

belgium

$

united kingdom

KYC & Anti Money Laundering Procedures & Policies

Gulf Express Exchange is subject to Anti Money Laundering laws of the Federation of United Arab Emirates. At the time of mutual Anti Money laundering evaluation with Financial Action Task Force (FATF), which took place in February 2001, the Government of U.A.E. had developed and significantly implemented the frame work for Anti Money laundering system. The Ministry of Finance, Industry, Interior, Justice and Commerce along with the U.A.E. Central Bank and Customers Council were the primary force behind the U.A.E. government’s efforts to combat money laundering in the country. Through Article 407 of the penal code, the U.A.E. Government has criminalized money laundering. A National Anti Money laundering committee has been formed under the Chairmanship of the Governor of U.A.E. Central Bank.

Gulf Express Exchange has developed a proper in-house Procedures & Policies to implement Know Your Customer (“KYC”) and Anti Money Laundering rules. We check and clear each client from the list of Anti Money Laundering and Suspicious Cases Unit, provided and updated by the U.A.E. Central Bank. We have also subscribed and installed Dow Jones & Co. Risk and Compliance system to screen all clients, both remitter and beneficiary, from the lists of OFAC, EU etc.

ABOUT

Gulf Express Exchange is one of the leading exchange houses in Dubai and was established in 1995. Since inception, Mr. Yousuf Ahmed Khoory, a prominient U.A.E. national, is the sole proprietor.

contact info

  • Al Sabkha Street, Deira, Dubai, United Arab Emirates
  • Sat - Thu: 9am to 1:30pm & 4:30 - 7:30pm
    Friday: closed
  • Tel: (+971) 4 224 0240
  • Email: info@gulfexpressexchange.com or gulfee@gulfexpexch.ae
  • Fax: (+971) 4 221 2004