Central Bank sanctions Iran banks in UAE
The article focused on the decision by the Central Bank of the United Arab Emirates to impose strict sanctions on the branches of "Melli Iran Bank" in the UAE, due to violations related to non-compliance with financial laws and regulations, especially those concerning anti-money laundering and counter-terrorism financing. The measures include banning all branches from conducting any financial transactions with Iran, including trade financing and transfers, in an effort to strengthen the safety of the UAE's financial system and ensure adherence to the highest international standards of regulation.
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