The Central Bank of the UAE has imposed strict enforcement measures on the UAE branches of Bank Melli Iran following violations of regulatory requirements, including legislation related to anti-money laundering and combating the financing of terrorism and proliferation financing.
Based on the findings of supervisory examinations, the Central Bank has prohibited all UAE branches of Bank Melli Iran from conducting financial transactions to and from Iran, including trade finance activities and fund transfers.
The move was taken under the powers granted under Federal Decree-Law No. 6 of 2025 regarding the Central Bank, the regulation of financial institutions and activities, and insurance business.
The Central Bank said it continues to strengthen its supervisory framework and take necessary measures to protect the soundness and integrity of the UAE's financial system, while ensuring financial institutions adhere to the highest compliance standards and international best practices.
Central Bank imposes strict sanctions on branches of Bank Melli Iran operating in UAE#WamNews https://t.co/qJQxvsqD84 pic.twitter.com/9Rm4mS7v2M
— WAM English (@WAMNEWS_ENG) September 23, 2026
India-New Zealand free trade pact to come into force on October 20
Parkin implements smart parking system at Dubai Health facilities
US and China begin talks ahead of Trump-Xi summit
Mohammed bin Rashid Leadership Forum to bring 1,000 leaders to Dubai
Sharjah-Oman logistics corridor handles AED 1.7 billion in cargo
