As a member of the United Nations, the UAE should implement Security Council resolutions, including those related to sanction systems. That is why the UAE issued Cabinet Resolution No. (74) Of 2020 Regarding Terrorism Lists Regulation and Implementation of UN Security Council Resolutions on the Suppression and Combating of Terrorism, Terrorist Financing, Countering the Proliferation of Weapons of Mass Destruction and its Financing and Relevant Resolutions.
This resolution includes the provisions and procedures of the regulatory and supervisory authorities, proposing listing and re-listing in the local terrorist lists, updating them, and de-listing names of the listed from the local terrorist lists, in addition to procedures for grievance against the decisions of listing, enforcement, and publishing of local terrorist lists, canceling the procedures for freezing funds and other measures, permitting the use of frozen funds and proposing listing to the sanctions committee, circulating the sanction list and local terrorist lists, and implementing the decisions pronounced.
The resolution also includes the procedures related to the sanction list, the freezing of funds according to the sanction list and the local terrorist lists, the cancellation of the freezing procedures, the obligations of financial institutions and designated non-financial businesses and professions, the measures and obligations of the supervisory authorities and the administrative measures.
Cabinet Resolution No. (74) of 2020 Regarding the Terrorist List System and The Implementation of Security Council Resolutions Related to Preventing and Suppressing Terrorism and Its financing, Counter of Proliferation and its financing, and the relevant resolutions
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