The UAE Central Bank has issued a circular to all banks and other financial institutions operating in the country to start immediate search for and freezing of all bank accounts, investments and deposits that may be held by any individual or entity mentioned in the new terror list declared by Saudi Arabia, the UAE, Bahrain and Egypt on July 25, 2017.
The move comes as part of the four countries’ efforts to update their lists of groups designated as terrorist organisations and individuals with links to Qatar, and in line with the UAE Cabinet Resolution No. 28 /2017 to add nine individuals and nine charities to the terror lists.
