@mikeavram70: Hal's been busy today: U.S. Applies Secondary Sanctions Over Iran Commerce; UAE Bank Hit Hard Treasury Secretary Scott Bessent today announced "Treasury promised to sever every economic lifeline Tehran has left and finally end the threat of the Iranian regime. We also warned that Iran’s enablers cannot continue to enjoy access to the U.S. dollar and the global financial system. Banque Misr UAE decided to find out the hard way, and today, we are taking the first step in holding it accountable for its continued, egregious support of the Iranian regime. Today, under Operation Economic Outcast, the Financial Crimes Enforcement Network (FinCEN) proposed a rule that would revoke Banque Misr UAE’s correspondent banking access to U.S. financial institutions." Additionally, Treasury’s Office of Foreign Assets Control sanctioned Bank Melli Dubai manager Reza Mohammad Taeedi, along with a Hong Kong-based front company that has helped launder funds for a sanctioned Iranian exchange house. Operation Economic Outcast is severing the remaining financial lifelines that sustain the Iranian regime.

Mike Avram 2

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Region: US

Friday 28 August 2026 17:35:35 GMT