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UAE freezes accounts of new terror outfits

ABU DHABI, July 27, 2017

The UAE Central Bank has issued a circular to all financial institutions operating in the country to start search for and freeze all bank accounts and investments held by any individual or entity mentioned in the new terror lists declared by Saudi Arabia, UAE, Bahrain and Egypt on July 25.

The move comes as part of the four countries’ consistent efforts to fight terrorism and their continual endeavours to update their lists of groups designated as terrorist organisations and individuals, and in line with the UAE Cabinet Resolution No 28 /2017 to add nine individuals and nine charities to the terror lists, reported Wam, the Emirates official news agency.




Tags: freeze | UAE central bank |

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