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The Money Transfer Agreement is essential for financial institutions operating in the UAE that provide domestic or international money transfer services. This document is designed to comply with UAE federal laws and Central Bank regulations, particularly focusing on anti-money laundering requirements and financial institution governance. The agreement is typically used when establishing an ongoing relationship between a licensed money transfer provider and its clients, whether individual or corporate. It comprehensively covers service terms, compliance obligations, fee structures, and risk allocation while incorporating specific UAE regulatory requirements for financial transactions. The document serves as both a operational framework and a compliance tool, ensuring all parties understand their obligations under UAE law and maintaining consistency with local financial regulations.

1. Parties: Identification of the money transfer service provider and the client, including full legal names, addresses, and registration details

2. Background: Context of the agreement and brief description of the money transfer services to be provided

3. Definitions: Definitions of key terms used throughout the agreement, including technical and regulatory terminology

4. Services: Detailed description of money transfer services, including types of transfers, currencies, and geographical coverage

5. Fees and Charges: Comprehensive breakdown of all fees, charges, and exchange rate calculations

6. Process and Procedures: Step-by-step process for initiating, processing, and completing transfers

7. Compliance Requirements: AML/KYC requirements, documentation needs, and regulatory compliance obligations

8. Representations and Warranties: Standard representations and warranties from both parties regarding legal capacity and compliance

9. Client Obligations: Client's responsibilities including providing accurate information and maintaining minimum balances

10. Service Provider Obligations: Provider's commitments regarding service delivery, security, and regulatory compliance

11. Term and Termination: Duration of agreement and circumstances under which it can be terminated

12. Confidentiality: Provisions for protecting confidential information of both parties

13. Liability and Indemnification: Allocation of risks and responsibilities between parties

14. Force Majeure: Circumstances under which performance may be excused

15. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

16. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment