UAE freezes bank accounts of 9 Iranians on terror watch list

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Abu Dhabi’s Securities and Commodities Authority issued a statement calling on all companies to look for and freeze any bank accounts, assets, securities and stocks related to nine Iranians who are accused of being involved in terrorist activity.

The statement also said that funds of persons associated with these nine individuals should also be frozen.

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The Securities and Commodities Authority underlined the need for financial companies to only implement the freeze on persons who meet the mentioned criteria, otherwise, the statement advised those related companies to refer back to them on a case-by-case basis.

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