Wednesday, 08 September 2010
LAREX – Payroll Solution
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LAREX – Payroll Solution
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Larex CardThe UAE Wages Protection System (WPS) has been implemented by the Central Bank of the UAE (CBUAE) to meet the desired objectives of the Ministry of Labour (MOL). The objective of WPS is to provide a safe, secure, efficient and robust mechanism to streamline the timely payment of wages to employees by their employers.

The model adopted by CBUAE is one where information flows from the employer to one or more of the contracted agents for payment of the wages to their employees. Funds from the employers are secured by CBUAE prior to dispatching the wages information to the agents. The system shall empower CBUAE, and thereby the MOL, with the functionality that would allow effective monitoring of the payment of wages by the employers to their respective employees.

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Corporate Profile

Lari Exchange is proud to be one of the oldest exchange houses in the United Arab Emirates. Founded in 1969 by Mr Abbas Darwish Lari, an Emirati National, the company has grown to its present strength of fourteen branches through his leadership and the commitment of all our people. Expanding with the UAE and the GCC region in its present ...

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Our mission is to serve the local and expatriate markets with reliable money transfer and exchange services, providing outstanding value whatever our customers’ requirements.We base this mission on the following core values:Trust, ethics and transparency in all financial transactions;Commitment, shared vision and purpose at all levels of the organisation;Citizenship and social responsibility in the way we serve the local ...

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Lari Exchange looks forward to an exciting future as the money remittance and exchange industry grows., the market is set to expand in the UAE, the GCC, and countries where most of our customers are based – Asia, the Far East, and elsewhere in the Middle East and African Countries. Our objectives for the coming near to medium terms are: ...

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