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Wednesday, 26 January 2011

Dubai regulator orders monitoring of Tunisia funds | Reuters

Financial firms in Dubai have to to be on the watch for funds from Tunisia that may be funnelled through the Gulf Arab emirate, the regional business hub's financial regulator said.

The move came days after European Union officials said the bloc could freeze the assets of Tunisia's ousted president Zine al-Abidine Ben Ali, following similar moves by some European governments.

The Dubai Financial Services Authority (DFSA) said in a statement that financial companies had to "be alert to the potential outflow of licit and illicit assets" from Tunisia and Algeria.