US targets Banque Misr UAE for Iran ties in new sanctions push
TL;DR
The U.S. Treasury plans to revoke Banque Misr UAE’s access to U.S. financial institutions over links to Iran, sanctioning a Dubai-based branch that handled about $1.8 billion for roughly 100 Iran-connected entities. This move is part of a broader sanctions campaign dubbed Operation Economic Outcast to sever Iran’s global economic ties, with additional sanctions already imposed on Bank Melli Dubai and related entities.
Topics:nationbusiness#bank-melli-dubai#banque-misr-uae#business#iran-sanctions#operation-economic-outcast#us-treasury
- Treasury moves to sanction UAE branch of Egyptian bank over Iran ties CNBC
- Bessent targets banks in UAE over Iran ties Politico
- US hits Egyptian bank branches with Iran sanctions as war marks six months Reuters
- US targets Egyptian bank’s UAE branches under new push for Iran’s economic isolation AP News
- US Treasury imposes limits on Egyptian bank for doing business with Iran Financial Times
Want the full story? Read the original reporting
Read on CNBC