United Arab Emirates · Money service business
Federal Exchange
Federal Exchange is an exchange house based in Abu Dhabi, United Arab Emirates. The Central Bank of the UAE (CBUAE) licenses it to conduct exchange business, in licence category C. It offers international money transfers, instant cash-pickup transfers, trade remittances, foreign currency exchange, Wages Protection System (WPS) salary disbursal and VAT payment services. It serves individuals and businesses through a branch network in Abu Dhabi, Dubai, Sharjah, Ajman and Fujairah, and through a mobile app.
Licences and registrations
Held by Federal Exchange (LEI 254900KCCW058N3DQM63). 1 entry on 1 of the 22 tracked registers, retrieved 24 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| CBUAE Register of Licensed Financial Institutions - Exchange BusinessCentral Bank of the UAE (CBUAE)Linked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Exchange BusinessMoney Transmitter / Remittance | 03.01.03.122.2015.01 | United Arab Emirates | Active | — | — |
|
Search the register ↗ |
- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- FEDXAEA1XXX head office
- Connection to Swift
- Passive participant (no connection)This BIC is registered for identification only. The institution has no direct connection to the Swift network. Messages and payments reach it through a correspondent bank. The “1” in the eighth character of FEDXAEA1 marks a passive participant.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2005-06-04
- Last updated
- 2018-03-24
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Not published
Firm type
Money remittance
- Head office
- Third Floor, Heirs of Mohammed Ahmed Haroon Al Qubaisi Bldg., Hamdan Street, Al Danah, Abu Dhabi, United Arab Emirates
- Name in the local language
- فيدرال للصرافة
Online
- Websites & references
- federalexchange.ae ↗
- Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗
- Apps
- Google Play ↗ · App Store ↗
Sources · 8 pages consulted
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The Central Bank of the UAE licenses the firm to conduct exchange business, in licence category C, under number 03.01.03.122.2015.01. The firm's terms and conditions state that it is supervised by the CBUAE.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Central Bank of the UAE (CBUAE) United Arab Emirates | Exchange Business (category C) | 03.01.03.122.2015.01 | In its own name | Active | centralbank.ae ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Products and markets
Researched 29 Sep 2026 · Sources
According to its website, it sends money from the UAE to more than 140 countries. It publishes rates for corridors including India, Pakistan, the Philippines, Egypt, Sri Lanka, Bangladesh, Nepal and Indonesia. It also processes WPS payroll for employers.
It serves customers in the UAE through branches in Abu Dhabi, Dubai, Sharjah, Ajman and Fujairah, and states that it has 17 branches.
- Sells to
- Consumers · Small businesses · Enterprises
- Serves customers in
- United Arab Emirates
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The Pakistan-origin fintech ABHI announced a partnership with the firm on cross-border payment and remittance services in the UAE.
arabnews.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
Head-office record
- BIC
- FEDXAEA1XXX
- How the BIC breaks down
- FEDXBank
- AECountry · United Arab Emirates
- A1Location · passive
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 254900KCCW058N3DQM63
- LEI record
- View on GLEIF ↗
- Licence no. · CBUAE-EB
- 03.01.03.122.2015.01
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entry: Matched by Elucidate to GLEIF on name, country and address.
- Register-entry ID
- 5c8bc7b6c606
Profile
- Type
- Money service businessRemittance, currency exchange, cheque cashing and money orders. Usually registered with an anti-money-laundering supervisor rather than licensed prudentially. Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 1 entry on 1 register
- Activities
- Currency exchange
- Licensed in
- United Arab Emirates
- Country · region
- United Arab Emirates · Middle East & North Africa
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- AL HABTOOR BLG SP 1,2 FLOOR GF NAIF ROAD DEIRA DUBAI DUBAI 1038 UNITED ARAB EMIRATES
- Operational address
- BLDG. OF MOZA BINT AHMED NAIF ROAD DEIRA, AL HABTOUR DUBAI 1038 DUBAI UNITED ARAB EMIRATES
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Debtor agent, creditor agent or an intermediary agent
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>FEDXAEA1XXX</BICFI>
<LEI>254900KCCW058N3DQM63</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>FEDXAEA1XXX</BICFI>
<LEI>254900KCCW058N3DQM63</LEI>
<Nm>FEDERAL EXCHANGE</Nm>
<PstlAdr>
<TwnNm>DUBAI</TwnNm>
<Ctry>AE</Ctry>
<AdrLine>AL HABTOOR BLG SP 1, 2 FLOOR GF NAIF ROAD DEIRA DUBAI DUBAI 1038</AdrLine>
</PstlAdr>
</FinInstnId>This BIC is not connected to Swift. Messages reach the institution through a correspondent bank, so it cannot be the instructing or instructed agent.
The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- CBUAE Register of Licensed Financial Institutions - Exchange Business—Central Bank of the UAE (CBUAE) · register ↗ as at 24 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: federalexchange.ae (official website) · original.
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