In what cases can a bank account be closed?
Successfully opening a bank account in the UAE does not mean that you can carry out transactions through it without risks and restrictions. The bank reserves the right to close the bank account if there are concerns about the sources of payments and the purity of transactions. In this article, we will consider in which cases the bank can close the account on its own initiative.
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About Versus
Versus is a leading consulting group providing legal and accounting services in key foreign markets.
Over the years of working in the UAE and other MENA countries, we have acquired a deep knowledge of local legislation, which, combined with knowledge of international standards, allows us to offer solutions tailored to the unique needs of each client.
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Experts in offices in Dubai and Abu Dhabi
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Successfully completed projects on the law of the UAE and other countries of the MENA region
