The UAE Central Bank said it expects banks licensed in the country not to expose the UAE’s financial system to reputational risks. WAMShow caption: The UAE Central Bank said it expects banks licensed in the c…Regulator said it periodically examines the AML/CFT procedures at banks operating in the UAEThe NationalAugust 30, 2026
The UAE Central Bank has ordered a special and urgent examination into Banque Misr's UAE branches following US money laundering concerns.
The US Treasury's Financial Crimes Enforcement Network proposed revoking the Egyptian lender's correspondent banking access to American financial institutions.
Banque Misr operates five branches in the UAE, all subject to the country's laws and regulations governing financial institutions.
The UAE Central Bank is weighing options regarding the bank's status should the US special measure be formally imposed.
