March 18, 2020 / 6:27 AM / 11 days ago

UAE c.bank introduces measures to protect dormant accounts

DUBAI, March 18 (Reuters) - The United Arab Emirates central bank introduced measures on Wednesday to protect bank funds belonging to dormant customers, it said in a statement

Banks are required to segregate dormant funds and enable customers or their legal heirs to receive the available balances at any time, it said. (Reporting by Davide Barbuscia and Yousef Saba Editing by Shri Navaratnam)

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