Banque Misr

Egypt's NBE steps in to buy Banque Misr's UAE operations after sanctions threat

Egypt's NBE steps in to buy Banque Misr's UAE operations after sanctions threat - Reuters

Egypt's NBE steps in to buy Banque Misr's UAE operations after sanctions threat  Reuters

Proposal of Special Measure Regarding Banque Misr UAE as a Financial Institution Operating Outside of the United States of Primary Money Laundering Concern

FinCEN is issuing a notice of proposed rulemaking, pursuant to section 311 of the USA PATRIOT Act, that finds the five United Arab Emirates-based branches of Banque Misr (collectively, Banque Misr UAE) to be of primary money laundering concern and proposes imposing a special measure to: prohibit U.S. financial institutions from opening or maintaining a correspondent account for, or on behalf of, Banque Misr UAE; require U.S. financial institutions to take reasonable steps not to process a transaction for the correspondent account in the United States of a foreign banking institution if such a transaction involves Banque Misr UAE; and require U.S. financial institutions to apply special due diligence to their foreign correspondent accounts that are reasonably designed to guard against their use to process transactions involving Banque Misr UAE.

U.A.E. To Review Banque Misr, Targeted by Iran Sanctions

Banque Misr, Egypt’s second-largest, hit by US sanctions: What to know

Egypt's Banque Misr reviews US Iran sanctions notice, UAE central bank launches urgent examination - Reuters

Egypt's Banque Misr reviews US Iran sanctions notice, UAE central bank launches urgent examination  Reuters

Egypt's Banque Misr reviews US Iran sanctions notice, UAE central bank launches urgent examination