World & BusinessUAE central bank reportedly bars Iran’s Bank Melli from operating in the country
A post citing Reuters says the central bank cited regulatory violations. All Bank Melli branches in the UAE are reportedly also barred from transactions with Iran, including trade finance and fund transfers.
TLDR
According to a post citing Reuters, the UAE central bank has barred Iran’s Bank Melli from operating in the country, citing regulatory violations. The account says all of the bank’s UAE branches are also barred from financial transactions with Iran, including trade finance and fund transfers.
UAE central bank reportedly bars Iran’s Bank Melli from operating in the country
A post citing Reuters says the central bank cited regulatory violations. All Bank Melli branches in the UAE are reportedly also barred from transactions with Iran, including trade finance and fund transfers.