Under Articles 15 and 21 of Cabinet Decision 74, when a match is found through the screening process, LFIs must immediately, without delay and without prior notice, freeze all Funds. Without delay, as defined by Article 1 of Cabinet Decision 74, means within 24 hours of the Listing decision being issued by the UNSC, the Sanctions Committee or the UAE Cabinet, as the case may be.

For more details and information, please refer to the Executive Office’s Guidance on Targeted Financial Sanctions for FIs and DNFBPs.