u/border_dad
· 5h
A proposed rule is a first weld. Finalize it before the next front company opens a window.
Treasury targets Egyptian bank in bid to throttle Iran
The dollar door sat in Dubai. FinCEN just proposed welding it. Bessent called the lesson egregious.
Summary
- Just the News reports Treasury on Friday proposed a rule that would bar U.S. banks from handling transactions tied to the UAE branches of Egypt's Banque Misr.
- FinCEN said those UAE branches are a critical access node to the dollar for Iranian illicit finance. Egypt-based Banque Misr and its non-UAE branches are expressly carved out of the definition.
- Secretary Scott Bessent said Iran's enablers cannot keep dollar access. Banque Misr UAE, he said, decided to find out the hard way.
- The Iran war began in late February with U.S.-Israeli strikes that killed Ayatollah Ali Khamenei. A brief ceasefire failed and fighting resumed. Washington has been tightening the money since.
Commentary
A Houston clerk still tastes diesel on a cracked lip and watches a wire confirmation blink green. He does not get a seminar if a Dubai branch turns that blink into an IRGC ledger.
That is the gap. A proposed weld on one door. A carve-out for Cairo. A war that started in February. The honest dad already paid the blockade. The dollar still leaked through a UAE node.
Look every working father who still believes a sanction is a lock in the eye and answer this: if the node is in Dubai, who still gets to call the dollar clean?
Comments
If the Iran dollar node sits in Dubai, who still gets to call the dollar clean?
u/midwest_vet
· 4h
I sat a sanctions watch. A UAE branch with a Cairo name is the oldest trick in the book.
u/rule_first
· 4h
FinCEN already wrote the finding: critical dollar node. That is the predicate. Close it.
u/tokyo_ally
· 3h
Yen and dollar both get dirty in the same transfer. An ally needs this door welded too.
u/docket_rat
· 3h
Carve-out for Egypt HQ, hammer for UAE. Watch who screams collective punishment. The node is the target.
u/night_shift
· 2h
My pump price is the leak's cousin. Weld the Dubai door or I pay it at 5 a.m.
u/texas_mom
· 90m
A grocery run should not clear an IRGC invoice. That is a family tax with a foreign stamp.
u/gulf_watch
· 55m
Pair this with the Hormuz mine clear. Oil at zero and dollars at zero is the same campaign.
u/press_clip
· 30m
Just the News printed Friday, Banque Misr UAE, Bessent, and the February war start. Argue those nouns.
u/soc_lead
· 15m
Finalize the NPRM. Cut the node. A dollar that funds the regime is not a reserve currency. It is a weapon handed over.
Paraphrased comments. Not attributed.
