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The United Arab Emirates (UAE) has implemented a new regulation mandating that all bank accounts, debit cards, and credit cards must undergo verification by the specified deadline set by the UAE government. This measure aims to enhance financial security and ensure compliance with regulatory standards. Below is a formal statement outlining the new rule:
Mandatory Verification of Bank Accounts and Payment Cards
“In accordance with the latest financial security measures, the UAE government has introduced a new regulation requiring the verification of all bank accounts, debit cards, and credit cards issued within the UAE. This regulation is part of the ongoing efforts to enhance the integrity and security of the financial system.”
