Treasury Proposes Cutting Banque Misr’s UAE Branches From U.S. Banking
Treasury proposed restricting U.S. correspondent banking with five Banque Misr UAE branches over alleged Iran-linked transactions. The rule is not final.
FinCEN
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U.S. Proposes Cutting Banque Misr UAE From Dollar Access
FinCEN proposed barring U.S. correspondent accounts for Banque Misr’s UAE branches as OFAC separately sanctioned two Iran-linked facilitators.
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Treasury expands bank fraud-sharing rules, with immigration checks in the mix
FinCEN’s June 12 guidance lets banks share more suspected-fraud data under Section 314(b), while immigration-related compliance pressure looms.