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The U.S. Department of the Treasury has announced an expansion of sanctions against Iran, as part of the "Economic Exclusion Operation," aimed at limiting Tehran's access to the dollar and the global financial system. The measures include targeting the Bank of Egypt UAE, with a proposed removal of its access to U.S. banking messaging services due to its handling of transactions totaling $1.8 billion on behalf of companies believed to be part of Iranian shadow networks, suspected of money laundering and evading sanctions. Sanctions were also imposed on the director of the Iranian Bank Melli's Dubai branch and on the company "Caming Trading," with the goal of freezing their assets and preventing them from accessing the U.S. financial system, while warning foreign financial institutions of secondary sanctions risk if they engage in large transactions on behalf of the listed individuals.
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