Shea Levin — text status

🇦🇪🇮🇷 UAE BANS IRAN’S BANK MELLI - The Central Bank of the UAE barred all local branches of Bank Melli Iran from conducting financial transactions, trade finance, and transfers to and from Iran. - The enforcement follows regulatory investigations uncovering severe compliance failures, including violations of anti-money laundering, counter-terrorism financing, and arms proliferation laws. Severing these operations cuts off a primary Dubai-based financial lifeline for Tehran's regional trade.