Permission to Use Funds Frozen in UAE

Regulations on Terrorists’ Lists under UAE AML Law, AML Training Dubai

Permission to Use Funds Frozen in UAE

Permission to Use Funds Frozen in UAE: 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 Abrogating: Cabinet Decision No. 20 dated 25/02/2019.

Permission to Use Funds Frozen pursuant to Listing on Local Lists

1- Any Listed Person on Local Lists, or their legal representative, and any interested party may submit to the Office a written request to use the Listed Person’s frozen Funds. The Office shall refer the request to the Ministry of Justice, provided such request includes all supporting documents.

2- The Ministry of Justice shall examine the request, its reasons and the amounts to which access is requested and may reduce such amounts or reject the request based on justified reasons.

3- Following coordination with the Council, The Ministry of Justice may approve the request to use the frozen funds of a Listed Person on Local Lists, for any of the following purposes:

a- To cover necessary or basic expenses, such as the amounts payable for foodstuff, rent, mortgage, medicine, medical treatment, taxes, insurance premium, educational or judicial fees, or public utility fees.

b- To pay professional fees or costs relating to legal services rendered or other extraordinary expenses within reasonable limits; or fees for services relating to safekeeping or management of frozen Funds.

4- The Ministry of Justice shall notify the Office of the approval or rejection of the request, and the Office shall in turn notify the applicant of the decision in writing.

5- In case the request is rejected, or if no response to the request is received within thirty days from date of its submission, the applicant may file a grievance before the Competent Court within thirty days from the date when he/she was notified of the rejection, or from the expiry of the response period.

6- An appeal against the rejection of the request shall not be accepted before a grievance against it is filed and rejected, before the period given to respond expires, as set out in the present Article.

7- In all cases, the procedures set forth in UNSCR 1452 (2002) and any successor resolutions shall be taken into account.

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