CMA Circular No. 4/2015 of 2015 · UAE Federal
SCA circular to licensed UAE securities and commodities markets concerning the list of terrorist individuals and organisations approved by the United Arab Emirates.
Circular No. 4 of 2015, dated 16 December 2015 and issued in English and Arabic by the Securities and Commodities Authority (now the CMA) to the licensed securities and commodities markets operating in the UAE, applies the UAE's list of terrorist groups and organisations set by Cabinet Resolution No. 41 of 2014 under Federal Law No. 7 of 2014 on combating terrorist crimes. A copy of the list is attached.
The markets must: 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 freezing actions instantly to the Authority and that Unit on the attached form. Enquiries go to amltfc@sca.ae.
Circular No. 3 of 2015 gives the same instructions to licensed securities and commodities companies.
Status: listed as in force. The UAE list has since been extended by later Cabinet resolutions circulated by the Authority in 2017 and 2018, and freezing against the UAE Local Terrorist List is now governed by Cabinet Decision No. 74 of 2020.
The licensed securities and commodities markets (exchanges) in the UAE, for accounts and funds linked to persons on the UAE terrorist list.
English official text in 2 passages. Open the full text or jump to a provision:
| Paragraph First | Freeze any cash, securities or commodities accounts of listed individuals, groups and organisations, 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 freezing actions to the Authority and the Central Bank's Anti-Money Laundering and Suspicious Cases Unit. |
| Annex (list and form) | Copy of the list under Cabinet Resolution No. 41 of 2014 and a form for reporting frozen accounts of identical and similar names. |
The circular sets no amounts; it states that non-compliance exposes the market to severe penalties and sanctions in the UAE and abroad.
We are not licensed by the CMA. We refer to this circular when a client asks why a market account was frozen in the years after 2015, or when reviewing older compliance files. Our current screening for clients follows the UAE Local Terrorist List as maintained 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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