UAE central bank bans Bank Melli Iran branches from Iran-linked transactions

The UAE Central Bank has imposed strict enforcement measures on Bank Melli Iran's branches in the Emirates, banning all financial dealings to and from Iran.

• The UAE Central Bank announced strict enforcement actions against Bank Melli Iran's branches operating in the country.
• The measures, taken under Article 168-1-c of Federal Decree-Law No. 6 of 2025, follow violations of anti-money-laundering and counter-terrorism financing regulations.
• The central bank ordered all branches to halt financial transactions to and from Iran, including trade finance and wire transfers.