21 Jun 2011
(MENAFN) UAE’s Central Bank’s anti-money laundering and suspicious cases unit’s executive director, Abdulrahim Al Awadi, said that as a response to the UN sanctions against the Libyan president, Muammar Qaddafi, and hid regime, the central bank would report if any Libyan assets were frozen in the UAE’s financial system, reported The National.
Al Awadi added that the responses the unit would gather would be from lenders about whether they had exposure to nineteen Libyan individuals and institutions, moreover, the unit would prepare a report that would be given to the Ministry of Foreign Affairs.
He also said that after the ministry would receive the report, it would pass it to the UN Security Council.
It is worth noting that the UAE’s Central Bank ordered banks and other financial institutions to search for and freeze any accounts or investments or deposits and to stop any fund transfer or to seize any safe-deposit boxes belonging to any individual or institution as indicated by the UN Security Council.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more