29 December 2025 | Addis Ababa, Ethiopia
Using unlicensed Money Transfer Agents and illegal Hawala networks is prohibited under Ethiopian law and can cause disruptions for recipients. In line with its legal mandate, the National Bank of Ethiopia is taking action not only against unlicensed dealers and their networks, but also against recipients of funds sent through illegal channels.
To protect the accounts of your loved ones and avoid interruptions, the NBE strongly urges individuals and members of the Ethiopian diaspora to use licensed operators.
Unlicensed operators include, but are not limited to: Shgey Money Transfer, Adulis Money Transfer (ADZ), Red Sea, Avanti, World Direct Link, Rasmy Pay, USwyre, Zola, and Taaj Financial Service.
A full list of authorized MTAs is available on the NBE website: nbe.gov.et/mta
