CBE confirms US Treasury measures on Banque Misr limited to UAE branch
· Egyptian market news · MISR
The Central Bank of Egypt (CBE) said that measures proposed by the US Department of the Treasury concerning Banque Misr’s operations in the UAE are limited to its Dubai branch and its USD transactions with correspondent banks, according to a statement.
The Financial Crimes Enforcement Network (FinCEN) has proposed restricting Banque Misr UAE’s access to…
Source: Arab Finance — read the original story