UAE Central Bank asks all banks to freeze terror accounts

The UAE Central Bank has asked all banks and financial institutions in the country to freeze accounts of any individual or entity mentioned in the new terror list declared by Saudi Arabia, UAE, Bahrain and Egypt on Tuesday.

The four Arab countries had added nine entities and nine individuals to their list of terrorist groups, which they said have direct or indirect ties with Qatari authorities.

This list is in addition to a list of 59 individuals and 12 Qatari affiliated entities described as ‘terrorist supporters’, which was released earlier.

The countries, in a coordinated move last month, had severed diplomatic and economic ties with Qatar accusing it of terror funding and creating instability in the region, a charge which Doha denies.

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