U.S. Sanctions UAE-Based Branches of Egyptian Bank Banque Misr Over Iran Ties
The U.S. Treasury Department imposed sanctions on the UAE-based branches of Banque Misr, an Egyptian bank, for alleged ties to Iran. The sanctions restrict access to U.S. broker banks for these branches. Egypt clarified that the sanctions are limited to the UAE branches of Banque Misr.
Timelines
Sources
A Core Egyptian Bank Gets Caught Up in Treasury’s Iran Crackdown WSJ
U.S. targets Egyptian bank's UAE branches under new push for Iran's economic isolation PBS
Egypt says US Iran sanctions limited to Banque Misr’s UAE branches The Times of Israel
US targets Egypt's Banque Misr in UAE over Iran support, moves to cut bank off from US system Arab Times Kuwait News
The U.S. Treasury Department, continuing its economic pressure policy against Iran, announced the imposition of new sanctions against financial networks and intermediaries linked to Tehran, stating that 'Egypt Bank' in the UAE will face restrictions on access to services of U.S. broker banks.
The Trump administration is limiting an Egyptian bank's operations in the United Arab Emirates and accusing the financial institution of supporting Iran's leadership
US targets Egyptian bank’s UAE branches under new push for Iran’s economic isolation AP News
US Moves Against Egyptian Bank’s UAE Branches Over Iran Ties Bloomberg.com