Iran sanctions prompt DFSA call - The National Newspaper

The Dubai Financial Services Authority (DFSA) said yesterday it would require companies in the Dubai International Financial Centre free zone to “treat all transactions with clients domiciled in Iran as high-risk transactions”.

The announcement came in response to the UN Security Council resolution to impose sanctions on Iran.

The DFSA said companies should increase monitoring of financial transactions “particularly with the central bank of Iran, Bank Melli and Bank Saderat” or any other entity highlighted by the Security Council as high risk.