US Treasury tightens economic squeeze on Iran, utilizing correspondent banking relationships between Egyptian banks and international financial institutions.
7 reports, 1 independent
Updated Sep 7
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What happened
US Treasury tightens economic squeeze on Iran, utilizing correspondent banking relationships between Egyptian banks and international financial institutions.
Who's involved
What this event is mainly aboutKeep exploring
Part of
US Treasury targets operations of an Egyptian bank in the UAE, amidst G20 finance ministers gathering in Asheville.Also in this story
- Banque Misr reviews its UAE operations amid U.S. money laundering concerns.
- US Treasury sanctions target Banque Misr's UAE branch.
- The US has issued a warning against financial ties between an Egyptian bank and the Iranian regime.
- Banque Misr is accused of continued egregious support for the Iranian regime, leading to the revocation of its banking access to U.S. financial institutions.
The entities involved
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Egypt
country in Northeast Africa and Southwest Asia
- Leaders from Greece, Egypt, and Cyprus are meeting to advance cooperation on natural gas and energy matters through a Trilateral cooperation mechanism.
- The new event details established facts regarding Egypt, including the Camp David Accords, the function of the Suez Canal connecting to the Red Sea, the reliance of the population on the Nile, and Sisi's tenure.