Banque Misr responds to US UAE branch action
Misr Bank reaffirmed its full commitment to global laws and regulations following the U.S. Treasury Department's announcement to restrict banking messaging services in dollars for the bank's branch in the UAE, as part of efforts to monitor American financial institutions. The bank clarified that this measure is limited to its UAE branch and does not affect its activities within Egypt or other branches, where it continues to provide services to customers normally and robustly. It also noted that the bank is cooperating with U.S. authorities to review the measure and take the necessary legal actions, emphasizing its respect for the established regulatory procedures.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)