OFAC adds Iran-linked refinery network to SDN List
→Screening teams must block newly listed Iran-linked refinery parties immediately
UAE
27 briefs
UAE exits OPEC and OPEC+ from May 1
→Oil traders must reassess Gulf supply outside OPEC quota discipline
UAE Central Bank updates AML guidance for licensed financial institutions
→UAE financial institutions must recalibrate AML controls across PF, trade and CDD risk
Abu Dhabi suspends Borouge petrochemical operations
→Production halted pending safety inspection
UAE tightens tax procedures and extends record retention
→Retention period extended and disclosure rules tightened
UAE suspends operations at Habshan gas facilities after fires
→Production halted pending safety clearance
RBI approves Emirates NBD acquisition of RBL Bank
→Foreign bank to acquire majority stake
UAE DFSA bars HDFC Bank DIFC branch from onboarding new clients
→Branch blocked from new business due to compliance failures
RBI approves Emirates NBD takeover of RBL Bank
→Majority acquisition triggers open offer
Emirates bars Iranian nationals from UAE transit and entry
→Travel restrictions block routing through Dubai
HDFC Bank removes executives after DIFC compliance breach
→Regulatory action blocks new client onboarding in Dubai
UK courts freeze £1.3bn assets linked to MFS founder amid FCA probe
→Asset-freeze order restricts disposal of funds