UAE Central Bank Halts Bank Melli Operations Amid Compliance Crackdown

Lov Singh24 September 20261 min read3 viewsGulf & World
UAE Central Bank Halts Bank Melli Operations Amid Compliance Crackdown

The Central Bank of the UAE (CBUAE) has issued a decisive order to all Bank Melli Iran branches within the Emirates, mandating an immediate cessation of all financial transactions to and from Iran. This regulatory strike, effective Wednesday, 23 September 2026, effectively severs the bank's ability to conduct trade finance and fund transfers across borders.

The enforcement action was taken under Article 168-1-C of Federal Decree-Law No. 6 of 2025. According to the CBUAE, the Tehran-based lender failed to meet essential UAE regulatory standards concerning:

  • Anti-money laundering (AML) protocols
  • Counter-terror financing (CT
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