US Treasury Sanctions UAE Branches of Egypt's Banque Misr Over Iran Dealings

The U.S. Treasury's Financial Crimes Enforcement Network has proposed barring the six UAE branches of Egypt's Banque Misr from direct access to the U.S. financial system, restricting their ability to conduct dollar transactions, as part of a new "Economic D-Day" campaign against Iran. The branches allegedly processed approximately $1.8 billion in transactions for companies potentially linked to Iran's shadow-banking networks.