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Ithmaar leads IBAN compliance

Bahrain-based Ithmaar Bank has urged its customers to start using their International Bank Account Numbers (IBAN) ahead of its scheduled compulsory implementation from January 31, 2012. In line with Central Bank of Bahrain (CBB) directives

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UAE freezes four Iranian bank accounts

The United Arab Emirates' central bank has frozen four Iranian bank accounts cited in a United Nations Security Council blacklist after uncovering their presence in the UAE banking system, a paper said on Tuesday. A UN resolution of June 9

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