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Source:
سرايا الإخبارية
UAE prohibits Bank Melli Iran operations
The Central Bank of the United Arab Emirates announced that strict enforcement measures have been taken against the branches of Bank Melli Iran operating in the UAE, due to violations related to non-compliance with regulations and legislation concerning anti-money laundering, counter-terrorism financing, and weapons proliferation financing. A ban has been imposed on all branches of the bank within the country from conducting any financial transactions with Iran, including trade financing and financial transfers, based on the outcomes of inspections and legal recommendations.
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