The United Arab Emirates authorities have frozen the accounts of nine Iranian individuals and entities accused of involvement in terrorist activities, Al Bayan reported.
Companies licenced to operate in the field of securities and commodities were ordered to comply with procedures stated in the Cabinet’s edict 24 of 2018 on blacklisted terrorists.
The UAE Securities and Commodities Authority issued a circular instructing all financial entities in the UAE to freeze all assets, securities, bank accounts and stocks by the aforementioned blacklisted individuals and entities.
"All accounts or stocks for persons involved with the nine individuals must also be frozen," said the circular, ordering financial entities not to implement the freeze on those who have clearly met required standards.