CMA Circular No. 1/2017 of 2017 · UAE Federal
SCA circular to companies engaged in the securities and commodities business concerning the list of terrorist individuals and organisations approved by the United Arab Emirates and its updates.
Circular No. 1 of 2017 (companies), dated 3 August 2017, is the version of the Securities and Commodities Authority's circular on Cabinet Resolution No. 18 of 2017 meant for companies engaged in the securities and commodities business. The file the CMA publishes under this entry is identical to the file it publishes for the exchanges' version: it is addressed to the licensed securities and commodities exchanges. A separate companies text is not available on the CMA site, so this summary describes the published text.
The circular applies the additions to the UAE list of terrorist individuals and organisations made by Cabinet Resolution No. 18 of 2017, with the list attached. The addressees must: search for and freeze any cash, securities or commodities accounts of listed individuals, groups and organisations, or of associated natural or legal persons; freeze funds received from, or on behalf of, listed persons or their associates; refrain from freezing or blocking an account unless names and details match the list entirely and without doubt, contacting the Authority or the Central Bank's Anti-Money Laundering and Suspicious Cases Unit in case of doubt; and report actions taken instantly to the Authority and that Unit on the attached form. Enquiries go to amltfc@sca.ae.
Status: listed as in force. Freezing against the UAE Local Terrorist List is now governed by Cabinet Decision No. 74 of 2020, which applies to licensed companies and exchanges alike.
Companies licensed by the Securities and Commodities Authority (now the CMA) for securities and commodities business, for accounts and funds linked to persons added to the UAE terrorist list by Cabinet Resolution No. 18 of 2017.
English official text in 6 passages. Open the full text or jump to a provision:
| Paragraph First | Search for and freeze any cash, securities or commodities accounts of persons on the UAE list, or of associated natural or legal persons. |
| Paragraph Second | Freeze funds received from, or on behalf of, listed persons or their associates. |
| Paragraph Third | Freeze only on an entire and undoubted match; in case of doubt contact the Authority or the Central Bank's AML unit. |
| Paragraph Fourth | Instantly report actions taken to freeze accounts to the Authority and the Central Bank's AML unit on the attached form. |
| Annex (list and form) | List of individuals and entities under Cabinet Resolution No. 18 of 2017 and a form reporting search results for identical and similar names. |
The circular sets no amounts; it states that non-compliance exposes the addressee to severe penalties and sanctions in the UAE and abroad.
We are not licensed by the CMA. For brokerage and investment clients, we use this circular to date historic list additions when reviewing past screening records or a historic freeze. Their current screening, which we build into the compliance manuals we maintain, runs against the UAE Local Terrorist List under Cabinet Decision No. 74 of 2020.
No amendments, repeals or cross-references recorded for this instrument.
“Cites” and “Cited by” are built automatically from references in the full texts held in this library; they cover only instruments in the library.
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