# Treasury moves to sanction UAE branch of Egyptian bank over Iran ties

https://mins.news/en/item/35870

- CNBC, 2026-08-28 15:48 UTC
- Politics
- Original: https://www.cnbc.com/2026/08/28/treasury-uae-banque-misr-sanctions-iran.html

> The Treasury Department said Banque Misr’s UAE branch processed about $1.8 billion over two years for roughly 100 companies that may belong to Iran’s shadow banking network, prompting the move toward sanctions.

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- [UAE and Egyptian central banks coordinate over Banque Misr after U.S. Treasury notice](https://mins.news/en/item/37848) — Reuters, 2026-08-30
- [Egypt’s second-largest bank Banque Misr hit by US sanctions: What to know](https://mins.news/en/item/37602) — Al Jazeera, 2026-08-30