The Cabinet Resolution directs the UAE Central Bank to take all necessary legal action in order to appropriately deal with the accounts of the med individuals and institutions. This collective action is the first taken by the recently established Terrorist Fincing Targeting Centre (TFTC) which is co-chaired by the US and Saudi Arabia. The TFTC comprises all Gulf Cooperation Council countries and the US. The TFTC action targets leaders, finciers, and facilitators of terrorist organisations. The UAE has expressed its support of the list issued by the TFTC, affirming that this action was an effective step towards countering terrorism, and draining its sources of funding by countries and individuals. (IANS)