persian problems
UAE central bank cracks down on Bank Melli Iran, citing violations
The banking regulator says its actions should safeguard the UAE financial system, ensure Bank Melli's compliance with international standards
AFP via Getty Images
Bank Melli Iran's office building in Dubai's Deira district
Add The Circuit on GoogleThe UAE central bank has barred Bank Melli Iran’s local branches from conducting financial transactions to and from Iran.
The regulatory body said its action followed examinations that found breaches of UAE rules and supervisory requirements....
