Egyptian bank’s UAE branches targeted by US over money laundering concerns
By Samuel Rubenfeld ( August 28, 2026, 16:35 GMT | Insight) -- The US Treasury Department deemed United Arab Emirates-based branches of an Egyptian bank a money laundering concern, moving to block their access to US correspondent banking over business with Iranian clients.The US Treasury Department deemed United Arab Emirates-based branches of an Egyptian bank a money laundering concern, moving to block their access to US correspondent banking over business with Iranian clients....
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