18 Hrs
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الاقتصادية
Emirati-Egyptian commits to banking measures
The Central Banks of the United Arab Emirates and Egypt confirmed that the branches of Banque Misr in the UAE will continue their operations normally during the specified period, despite American proposals to impose special measures on them due to money laundering risks. The joint statement clarified that the branches are subject to UAE laws, and the Central Bank of the UAE is monitoring anti-money laundering procedures and investigating transactions related to connected companies. The UAE authorities are currently conducting a special inspection and studying available options in case American measures are applied against the bank, while ensuring the protection of customer interests.
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