UAE Freezes Bank Accounts of 9 Iranians

Published July 4th, 2018 - 09:25 GMT
Anyone found to be involved with the nine individuals will also suffer the same consequence. (SCA)
Anyone found to be involved with the nine individuals will also suffer the same consequence. (SCA)

The UAE Securities and Commodities Authority has issued a statement about freezing the bank accounts of nine Iranian nationals accused of terrorist activity. 

According to the statement, all financial entities in the UAE must freeze all assets, securities, bank accounts and stocks for the nine persons indicated therein.

All accounts or stocks for persons involved with the nine individuals must also be frozen, according to the guidelines stipulated in the release. 

Read More:

Expat Detained for Embezzling Dh328 Million in Dubai
Dubai Real Estate a Money-Laundering Haven for 'War Profiteers, Terror Financiers'

Financial entities must not implement the freeze except on those who have clearly met the criteria, otherwise they must refer to the SCA on a case-by-case basis to confirm. 


Copyright © 2021 Khaleej Times. All Rights Reserved.

You may also like