Meredith on Iran’s Shadow Banking: The Treasury Dept. Proposed to ‘Cut Off U.S. Financial System Access’ of an Egyptian Bank Operating in the UAE
‘To shut another door on Iran’s access to the global economy, this time targeting a financial pathway into the U.S. system’
RUSH EXCERPT:
MEREDITH: "Trump Administration says it’ll do whatever it takes to cut off Iran’s access to the global economy and now the Treasury Department says it’s going to shut down a backdoor which allowed Iran to access the U.S. financial system This latest move is going to target branches of a major Egyptian bank which operates in the United Arab Emirates Treasury is proposing cutting off access to the U.S. system within the next 30 days"
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