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الشارقة 24
Central Bank sanctions Bank Melli UAE
The Central Bank of the United Arab Emirates has imposed strict penalties on the branches of Bank Meli Iran operating within the country, due to violations related to non-compliance with local regulations and legislation, particularly those concerning anti-money laundering, counter-terrorism financing, and the financing of proliferation. Based on inspection results, all bank branches have been prohibited from conducting any financial transactions to and from Iran, including trade financing and financial transfers, in order to protect the financial system and promote compliance with international standards.
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