CMA Circular No. 2/2017 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. 2 of 2017, dated 6 November 2017 and issued in English and Arabic by the Securities and Commodities Authority (now the CMA) to licensed financial service companies operating in the UAE, applies the additions to the UAE list of terrorist individuals and organisations made by Cabinet Resolution No. 45 of 2017. A copy of the list is attached.
The companies must: search for and freeze any cash, securities or commodities accounts of individuals, groups and organisations on the list, or of natural or legal persons associated with them; freeze funds received from, or on behalf of, listed persons or their associates; refrain from freezing, blocking or using 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 the freezing actions instantly to the Authority and that Unit on the attached form for identical and similar names. Enquiries go to amltfc@sca.ae. The circular states that compliance avoids severe penalties and sanctions in the UAE and abroad.
The CMA publishes the same file under the companion entry for markets (Circular No. 2 of 2017, markets).
Status: listed as in force. Freezing against the UAE Local Terrorist List is now governed by Cabinet Decision No. 74 of 2020.
Financial service companies licensed by the Securities and Commodities Authority (now the CMA) and operating in the UAE, for accounts and funds linked to persons added to the UAE terrorist list by Cabinet Resolution No. 45 of 2017.
English official text in 2 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 list approved by the UAE, 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) | Copy of the list under Cabinet Resolution No. 45 of 2017 and a form for reporting frozen accounts of identical and similar names. |
The circular sets no amounts; it states that compliance avoids severe penalties and sanctions in the UAE and abroad.
We are not licensed by the CMA. We use the circular to date historic additions to the UAE list when reviewing a client's past screening records or a freeze from that period. For current work, we build clients' screening on 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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