NBE Issues Strong Warning on Unlicensed Money and Transfer Agents for Remittances to Ethiopia
The National Bank of Ethiopia (NBE) has once again issued a stern warning to unlicensed money transfer agents operating remittance services to Ethiopia, in its December 29, 2025 notice. The Bank stated that it is taking action not only against unlicensed operators and their networks but also against recipients receiving funds through illegal channels.
In a message directed to the Ethiopian diaspora, the NBE urged individuals to avoid using unlicensed services to prevent the termination or interruption of the accounts of their recipients.
The statement also listed operators already identified as unlicensed, including:
- Shegey Money Transfer
- Adulis Money Transfer (ADZ0)
- Red Sea
- Avanti
- World Direct Link
- Rasmy Pay
- USwyre
- Zola
- Taaj Financial Services
The NBE emphasizes that using these unlicensed services may expose both senders and recipients to legal and financial risks.
