The US Treasury alleged that Banque Misr UAE had acted as a “critical node” in Tehran’s access to US currency, processing transactions for companies suspected of evading US sanctions.

The US Treasury restricted an Egyptian bank under Operation Economic Outcast, expanding Iran secondary sanctions to cover digital assets, gold,

WASHINGTON: The Treasury Department is due to cut off a major Egyptian bank’s operations in the United Arab Emirates from the US financial system, an official confirmed Friday, as…