image description
image description
Tell A Friend

FinancialNews


  • 05-10-10

    UAE imposes UN sanctions on Iran

    (MENAFN) A statement issued by a senior UAE Central Bank official said that his country has applied all sanctions made by the UN Security Council against Iran, which include freezing some bank accounts, Gulf News reported. The UAE had previously stopped all accounts belonging to dozens of companies that were marked by the new UN sanctions on Iran. The UAE blacklisted three firms controlled by Islamic Republic of Iran Shipping Lines and 15 belonging to the Revolutionary Guards. Moreover, the UAE has also called for establishing a cargo inspection regime. The latest UN resolution calls for actions against new Iranian banks overseas if a correlation to the nuclear or missile programs is alleged, as well as vigilance over transactions with any Iranian bank, including the central bank. In an attempt to enhance the policies of ending money laundry and terrorism financing, Memoranda of Understanding (MoU) were signed between AMLSCU of the UAE and the Dubai Multi Commodities Exchange and Dubai Gold and Commodities Exchange which includes joint cooperation in different areas that are of importance to both sides.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved