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UAE freezes Iranian bank accounts.

Global Banking News-28 June 2010-UAE freezes Iranian bank accounts(C)2010 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 28 June 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

The United Arab Emirates (UAE) has frozen 41 Iranian bank accounts.

The Central Bank of the United Arab Emirates (UAE) has asked financial institutions to freeze 41 accounts and stop remittances in the names of entities and individuals mentioned in a UN Security Council resolution.

In a circular, the central bank told all banks, moneychangers, investment and finance companies and other financing entities operating in the UAE that the move was 'based on the Resolution 1929 (2010) adopted by the Security Council of the United Nations at its 6335th meeting on June 9, 2010 regarding non-proliferation of nuclear weapons.'

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Publication:Global Banking News (GBN)
Date:Jun 28, 2010
Words:153
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