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FinCEN moves to cut Banque Misr UAE branches over $1.8 billion Iran-linked flows

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  • FinCEN moved to revoke Banque Misr’s UAE branches’ U.S. correspondent banking access.
  • $9 billion moved through U.S. correspondent accounts in 2024, FinCEN’s analysis found.
  • Economic Fury and Economic Outcast target Iran-linked financial channels.
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