US Treasury Rule Banque Misr Emirati Branches
Market Analysis

Between January 2024 and June 2026, Banque Misr UAE processed approximately $1.8 billion in transactions for 103 companies potentially linked to Iranian shadow banking networks. (home.treasury.gov)

The U.S. Treasury Department's proposed rule would revoke Banque Misr UAE's correspondent banking access to U.S. financial institutions, effectively cutting off its ability to conduct dollar transactions. (home.treasury.gov)

This action is part of a broader campaign by the U.S. Treasury Department to isolate Iran economically by targeting financial institutions that enable its access to the U.S. dollar and the global financial system. (home.treasury.gov)