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17 April 2024

UAE freezes 41 Iran-linked bank accounts

Central Bank in deal with NSC. (EB FILE)

Published
By CL Jose

The UAE Central Bank has told all financial institutions in the UAE – including banks – to freeze 41 accounts and stop remittances in the names of entities and individuals mentioned by the UN Security Council based on its Resolution 1929 on Iran connection. In a circular, the Central Bank has stated that the move was "based on the Resolution 1929 (2010) adopted by the UN Security Council".