Bahrain cen bank orders banks to freeze assets of Qatar-linked blacklist

By REUTERS
June 12, 2017 01:48
Breaking news

Breaking news. (photo credit: JPOST STAFF)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

DUBAI, June 11 - Bahrain's central bank ordered banks operating in the kingdom to freeze assets and bank accounts of the Qatar-linked 59 individuals and 12 entities that a group of Saudi-led Arab countries have accused of links to terrorism, the state news agency BNA reported on Sunday.

The move came after Saudi Arabia, the UAE, Egypt and Bahrain, who have isolated Qatar by cutting all diplomatic and transport links with it last week, put dozens of figures linked to the country on blacklists.

"The central bank issued a directive to all the financial institutions licensed in the kingdom of Bahrain to freeze accounts, cash, deposits, investments, insurance policies and all the financial transactions of the individuals and entities that were on the terrorism list," BNA said.

The central bank asked also the banks to provide any information they hold on the members of the list as soon as possible, the statement said.

UAE central bank has also instructed the banks operating in the country to do the same on Friday.

Related Content

Breaking news
August 22, 2018
Powerful quake hits Venezuela coast, damage limited

By REUTERS