The Egyptian bank Misr guaranteed full cooperation with the United States of America to avoid sanctions. The financial institution committed to cooperating fully with American authorities.
The accusation by the USA falls on the branch of Misr Bank located in the United Arab Emirates. American authorities allege that this branch functions as a fundamental financial axis for the Iranian regime.
This situation arises in a context of international tensions related to Iran and pressure from the United States to combat the financing of regimes considered hostile. Banco Misr aims to demonstrate that it is taking measures to avoid any involvement in activities that could justify American sanctions.
