GCC Exchange is a fast-growing money transfer and foreign exchange brand for individuals and businesses having its presence in four continents such as Europe, Africa, Oceania and Asia besides the flagship entity in the UAE.
We started our journey back in 2005 with our first branch in UAE. In a short timeframe we have won over the hearts of our customers with our friendly and efficient employees, safe yet simple procedures and quality service. We are a leader in remittance business coupling low service charges with unmatched exchange rates enabling our customers to send money to their loved ones back home.
We have struck a chord with our clients and their employees by disbursing timely wages and home remittances at low cost, we are one of the three top exchange houses trusted for salary processing in UAE. GCC Exchange is also connected to all major banks globally through SWIFT connectivity, which enables our seamless electronic fund transfers. We have also partnered with renowned Instant Money Transfer services such as MoneyGram, Trans-Fast, Xpress Money, IRemit, Instant Cash and our own product called “GCC REMIT“. GCC Exchange has also recently launched Web TT service which allows customers to transfer money directly into their chosen accounts from their home/office.
GCC Exchange is a socially responsible company and committed to follow set AML (Anti-Money Laundering) policy to prevent fraudulent practices.
Growth:
The group has grown from their first branch in Dubai- U.A.E. to a total of five branches in the U.A.E. and five other subsidiaries around the world which include United Kingdom, Hong Kong, Seychelles, Fiji and Singapore. In a short timeframe the group has won over the hearts of their customers with friendly and efficient employees, safe yet simple procedures, transparent, timely and quality services. They have grown to be a leader in the remittance business coupling low service charges with unmatched exchange rates enabling customers to send money back to their loved ones with ease.
The company is one of the top three exchange houses trusted with wage protection system (WPS) in the UAE processing the salary more than 80,000 employees. We are also the preferred Exchange House for customers when it comes to their foreign exchange requirements offering competitive rates and zero charges.
Connectivity:
GCC Exchange is connected to all major banks globally through SWIFT, which enables seamless electronic fund transfers. We have also partnered with renowned Instant Money Transfer services such as Western Union, Trans-Fast, IRemit, Instant Cash, Ria and our own product called “GCC Remit“. GCC Exchange has also recently launched Web TT service which allows customers to transfer money directly into their chosen accounts from their home/office.
AML/CFT Group Policy:
The group policy with regards to AML/CFT is a “no-nonsense” approach and we are committed to participating in International efforts to counter Money Laundering and Terrorism Financing. To this effect, GCC Exchange has implemented an effective Anti-Money Laundering System to protect its financial sector from potential money laundering offenses. We are committed to the highest standards of Anti Money laundering (AML) policies and guidelines set by the regulators in the countries of operation as well as other regulatory bodies such as the OFAC, EU and the UN. We have a well-documented Anti-Money Laundering policy and procedure in each place of operation which are updated on an annual basis. The company requires their staff to adhere to the highest AML/CFT standards and adopts a zero-tolerance approach in an effort to safeguard the interest of their customers.
Compliance at Core:
The entire business is built on a solid base of compliance which is at the core of all our processes
- The compliance standards are applied stringently and are embedded in the Exchange software.
- Watertight Financial and Regulatory reporting structure
- Periodic Financial and AML Audits in all jurisdictions
Corporate Clientele:
Currently, at GCC Exchange, we have over 30,000 registered corporate clients. Our innovative and diversified products and services, trained human capital, efficient support systems and state-of-the-art technology have ensured that this figure has been growing continually over the years. The following are some of the industries to which our valued corporate customers belong:
- Trading, Export and Import companies
- Shipping, Port agencies and Aviation companies
- Banks, Insurance companies and Exchange houses
- Construction and Contracting companies
- Automobiles and Spare parts trading
- IT, Media and Advertisement
- Oil and Gas
- Heavy Equipment’s and Machinery
- Educational Institutions
- Retail Chains
- Hotels and Restaurants
For more information visit www.gccexchange.com