23 Hrs
Source:
الاتحاد
Central Bank conducts urgent review of Egypt Bank UAE branches
The Central Bank of the United Arab Emirates has confirmed that the branches of Bank Misr operating in the UAE are subject to the laws and regulations of the country. This statement comes following the American authorities' announcement regarding the proposed settlement related to concerns over money laundering. The bank clarified that the measures include urgent and special inspections to review the transactions of companies connected to the bank. Currently, the available options are being examined in light of the investigations conducted by the American authorities, while ensuring the rights of customers are maintained.
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