The Media Line: Behind US Moves To Cut Banque Misr UAE From Dollar Banking Over Alleged Iran-Linked Transactions
Behind US Moves To Cut Banque Misr UAE From Dollar Banking Over Alleged Iran-Linked Transactions A proposed Treasury rule would block the bank’s UAE operations from holding correspondent accounts with US financial institutions By Giorgia Valente/The Media Line The US Treasury Department has proposed restricting Banque Misr UAE’s access to correspondent banking in the United States, accusing the Egyptian bank’s UAE operations of processing transactions for companies linked to Iran’s […]