$1.8B Iranian Shadow Flows Expose U.S. Banks' Clearing Risk
The U.S. Treasury says an Emirati branch of Egyptian state-owned Banque Misr routed up to $1.8B through dollar accounts at three unnamed U.S. banks, potentially for Iranian shadow networks. The action reveals billions in annual Iranian flows passing through U.S. clearing infrastructure, creating counterparty and sanctions risk for banks. Investors should watch for enforcement costs and possible tightening of correspondent relationships.
Source: livemint.com · politicalwire.com