Saudi and UAE central banks freeze hundreds of bank accounts

sama-1 — The Saudi Arabian Monetary Authority

- Central Banking Newsdesk
- 10 Nov 2017

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The central banks of Saudi Arabia and the United Arab Emirates (UAE) have both suspended the bank accounts of numerous Saudi citizens amid a crackdown on alleged corruption.

A statement from the Saudi Arabian Monetary Authority says it has blocked the accounts of several people accused of corruption on the request of the country’s attorney general. Banking sources told outlets, including Reuters news agency and the UK’s Financial Times, that Sama had suspended around 1,700 bank accounts.

Sama

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to print this content. Please contact info@centralbanking.com to find out more.

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@centralbanking.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@centralbanking.com