US Treasury imposes limits on Egyptian bank for doing business with Iran
- Posted on August 28, 2026
- By Financial Times
- 3 Views
- 1 min read
The US Treasury Department has implemented restrictive measures against Banque Misr's UAE operations, citing illicit financial transactions with Iran. These sanctions represent a strategic component of the Trump administration's comprehensive strategy to strengthen economic pressure on Tehran and disrupt its international financial networks. The action underscores Washington's commitment to enforcing sanctions compliance among global financial institutions engaged in cross-border activities with sanctioned entities.
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