UAE Central Bank Initiates Urgent Review of Banque Misr

Aug 29, 2026

52 min

Aug 29, 2026 19:30

UAE Central Bank orders urgent Banque Misr review after US proposal

## Background

The UAE Central Bank has launched an urgent review of Banque Misr's branches in the country following concerns raised by U.S. authorities. The U.S. has identified Banque Misr as a financial institution of primary money laundering concern.

## Regulatory Measures

The UAE Central Bank emphasized that Banque Misr's UAE branches must adhere to local laws and regulations. The regulator expects all banks in the UAE to avoid exposing the financial system to reputational risks and to comply with international financial laws.

## Examination Process

A special examination will be conducted on Banque Misr's UAE branches. This will include a detailed review of transactions linked to companies mentioned in the U.S. statement. The Central Bank will focus on ensuring compliance with anti-money laundering and counter-terrorism financing measures.

## Future Actions

The Central Bank is considering its options regarding Banque Misr's status in the UAE. Any decision will take into account the bank's obligations to its customers and will be made after completing the necessary procedures in line with U.S. laws.

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