UAE central bank freezes accounts of those on terror list

The UAE Central Bank has issued a circular to all banks and financial institutions in the country to freeze all bank accounts, investments, and deposits of any individual or entity mentioned in the terror lists released earlier this week by the UAE, state news agency WAM reported.

On July 25, the UAE – along with Saudi Arabia, Bahrain and Egypt – added nine organizations and nine individuals who have direct and indirect ties with Qatari authorities to its terror list.

The central bank said its move is part of “the four countries’ consistent efforts to fight terrorism and their continual endeavors to update their lists of groups designated as terrorist organizations and individuals.” the bank said.