Overview of Targeted Financial Sanctions in the UAE

This video provides an overview on the objectives of TFS. Then, it gives an introduction on the UAE legal framework to implement TFS and explains that the UAE, as a member of the UN, is mandated to implement UNSCRs related to terrorist and proliferation financing. It also touches on Cabinet Decision No. (74) of 2020, which requires implementation of TFS on persons, entities or groups designated in both the Local Terrorist List and the UN Consolidated List. After that, the video focuses on the private sector’s TFS obligations, particularly freezing all funds or other assets without delay (within 24 hours) and preventing funds or other assets from being made available, either directly or indirectly, to designated persons. Finally, the video provides an overview on the website which viewers can access for more information on TFS, and the Executive Office for Control & Non-Proliferation’s contact details.
For more information:
Website: www.eocn.gov.ae
Follow: #EOCN
DISCLAIMER: The information in this video may be updated depending on the date of viewing. Please refer to the guidelines published by the Executive Office for Control & Non-Proliferation on the following link for the latest information and guidance: www.uaeiec.gov...

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