UAE Central Bank Imposes Strict Sanctions on Bank Melli Iran Branches
- The Central Bank of the UAE imposed enforcement measures on Bank Melli Iran branches operating in the country for regulatory violations.
- The violations included failures to comply with UAE requirements on money laundering, terrorism financing, and proliferation financing.
- The regulator prohibited all Bank Melli Iran branches in the UAE from conducting financial transactions to or from Iran, including trade finance and fund transfers.
- The Central Bank said it would strengthen supervision to protect the UAE financial system and promote compliance with regulatory standards.
21 Articles
21 Articles
(Johannesburg=Yonhap News) Correspondent Na Hak-jin = On the 23rd (local time), the United Arab Emirates (UAE) [addressed] Iran's Bank Melli operating within its borders...
The Central Bank of the United Arab Emirates (UAE) announced on Wednesday the imposition of sanctions...
Iran's Bank Melli shut out of UAE for regulatory breaches
The United Arab Emirates' central bank on Wednesday barred Iran's Bank Melli from operating in the Gulf state, the latest sign of worsening relations between the two countries since the start of the US war on Iran in February.
Central Bank imposes strict sanctions on branches of Bank Melli Iran operating in UAE
Abu Dhabi: The Central Bank of the UAE (CBUAE) has imposed enforcement measures on the UAE branches of Bank Melli Iran, including a ban on conducting any financial transactions to and from Iran.The measures were taken under Article 168(1)(C) of Federal Decree-Law No. 6 of 2025 concerning the Central Bank, the regulation of financial institutions and activities, and insurance business.According to the CBUAE, the action follows violations related …
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