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

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

Banque Misr UAE processed about $1.8 billion over two years for some 100 companies that are potentially part of Iran's shadow banking network, Treasury said.

The Treasury Department on Friday moved to sanction the United Arab Emirates branch of an Egyptian bank over its financial ties to Iran. Treasury intends to revoke the access of Banque Misr UAE to U… [+1733 chars]

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