3 Days
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الشرق الأوسط
UAE Central Bank Blocks Bank Meli Iran Links
The Central Bank of the United Arab Emirates has taken enforcement measures against the branches of Bank Melli Iran within the country. These measures include a ban on conducting any financial transactions to and from Iran, including trade financing and fund transfers. This action was taken as a result of violations detected during regulatory inspections, related to non-compliance with UAE regulations and legislation, especially laws combating money laundering and terrorism financing. This step is part of the UAE authorities' efforts to strengthen oversight of financial institutions and ensure adherence to international standards to maintain the integrity and safety of the financial system.
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