Central Bank freezes more Iranian accounts

The UAE Central Bank has taken action against Iranians in the country including freezing some bank accounts in line with UN resolutions, an official said on Monday.

"The UAE, with its commitment towards the UN, implemented all UN resolutions against Iranians as these resolutions are implemented against others," Abdul Rahim Al Awadi, head of the Central Bank's anti-money laundering unit, said in Abu Dhabi.

"Some of the UN resolutions said you have to freeze accounts. The resolution has been implemented," he added.

The UAE Central Bank is studying the economic impact of sanctions on Iran, asking banks to report remittances to and from the Islamic republic into the UAE.

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