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Treasury moves to sanction UAE branch of Egyptian bank over Iran ties

Source: CNBC

Sanctions & Export ControlsBanking & LiquidityGeopolitics & War

U.S. Treasury said Banque Misr UAE processed about $1.8B over two years for roughly 100 companies that may be linked to Iran’s shadow banking network. The disclosure raises sanctions/compliance risk for the bank and relevant counterparties, though it’s unlikely to be market-wide unless broader enforcement follows.

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