The National Bank of Ethiopia (NBE) has renewed its warning against the use of unlicensed money transfer agencies, stressing that both illegal operators and recipients inside the country face legal action.
In a press release issued on December 29, 2025, the central bank said unauthorized money transfer services not only violate Ethiopian law but also expose recipients to harassment, service disruptions, and penalties. As enforcement intensifies, NBE urged Ethiopians living abroad to send money home only through licensed institutions to protect their families and friends.
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The regulator specifically named Shige, Adulis (ADZ), Red Sea, Avanti, World Direct Link, Rasmy Pay, US Wire, Zola, and Taj as companies not licensed to operate in Ethiopia, warning the public to avoid them.
NBE emphasized that a full and updated list of legally licensed money transfer operators is available on its official website, reinforcing its push to safeguard the financial system and curb illegal foreign exchange flows.
