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LBCI Lebanon
UAE Central Bank tightens rules on Mellii Iranian Bank branches
The news discusses the measures announced by the Central Bank of the United Arab Emirates against the branches of Bank Melli Iran in the UAE. Strict enforcement actions have been imposed due to violations related to non-compliance with current regulations, laws, and supervisory decisions. This move is part of financial and banking oversight efforts to ensure adherence to legislation and aims to protect the financial system from risks associated with these violations.
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