US proposes rule to block Banque Misr UAE’s access to US correspondent banking and adds Bank Melli official to counterterrorism sanctions list

2 September 2026

US proposes rule to block Banque Misr UAE’s access to US correspondent banking and adds Bank Melli official to counterterrorism sanctions listAzlan Stock/Shutterstock.com

The US Financial Crimes Enforcement Network has proposed a rule that would revoke Banque Misr UAE’s access to US correspondent banking institutions. The US Treasury said Iran’s Ministry of Defence and the IRGC have...

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Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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