The Nepalese embassy in the UAE has officially warned its nationals to avoid engaging in unauthorized hundi money transfer practices.
The Nepal Embassy in the United Arab Emirates has issued an official advisory urging Nepalese citizens living and working in the UAE to refrain from participating in illegal hundi transactions. Hundi refers to informal money transfer methods that bypass regulated financial channels. The embassy highlighted that such transactions can expose remitters to legal risks and potential financial losses. It stressed the importance of using authorized banking and money transfer services to ensure secure and lawful remittance of funds back to Nepal. This advisory aims to protect Nepalese overseas workers by encouraging compliance with financial regulations and safeguarding the integrity of their hard-earned remittances. No specific incidents or complaints were cited in the embassy’s announcement, which serves as a preventive measure against illegal financial activities.
Sources referenced:
- https://news.google.com/rss/articles/CBMizwFBVV95cUxQaGRKRlEyaTJWZU1BMXk2WDd6Y01qdHktYjJoem5Cc0JUR25lUTV1Tnd3TWdCb01iYklsbUNfLTAzQ1hoSmlOT1lvcjI2VmpkVk1YSVJCS0ZkR1dNZXVodGFMSGprOFdBbzVIODl2aThtbFNEU2lSVWp3eUNEQjRSamhQSUplbFJlX0VBTjlBZGFONFNTOVBHTVhhbFBNdWN6ZVhTaXd4TzNrT0hiQzlvYTk5eUxLWVM0a1JXZHpPZzZ4b29XenhYbFhVRmwxQ2s?oc=5