By staff and agencies

UAE freezes accounts of nine Iranian individuals and entities

July 4, 2018 - 21:55

The UAE Securities and Commodities Authority has ordered companies to identify and freeze the accounts and assets of nine Iranian individuals and entities.

The UAE has claimed that the Iranian individuals and entities support terrorism, according to Aljazeera.

Gulf News reported that Esca called on all companies operating in the securities and commodities sector to freeze the accounts of the individuals and organizations included on the terrorism list. Esca’s procedures included freezing funds used by these individuals and entities.

The UAE supported U.S. President Donald Trump’s decision to withdraw from the Iran nuclear deal.

On May 8, Trump officially withdrew the U.S. from the UN-endorsed nuclear agreement and threatened Iran with worst sanctions.

NA/PA

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