13 Hrs
Source:
LBCI Lebanon
UAE bans Iran's Meli Bank transactions
The UAE announced a ban on financial transactions involving the Iranian bank "Melli" within the country, including trade financing and money transfers, due to violations related to non-compliance with local anti-money laundering and counter-terrorism financing laws. This measure is part of a set of centralized actions following a similar step taken by the UAE Central Bank to target the bank’s branches in the country, with the aim of reducing financial dealings with Iran and safeguarding the national financial system.
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