The United Arab Emirates should bear greater responsibility for preventing foreign-bank branches operating in Dubai from facilitating Iranian sanctions evasion

Coverage of the American economy and the policy that shapes it: inflation, employment, tariffs, taxation and the federal budget. Distinct from business news, which follows companies rather than the decisions taken in Congress and at the Federal Reserve.

United States strategy and action abroad, spanning diplomacy, alliances, sanctions, foreign aid and military commitments. Formally the president's domain, though Congress holds the purse and the treaty power, which makes most of it a negotiation between the two branches of government.

FinCEN proposed on 28 August to bar correspondent accounts for the five Emirati branches of Egypt's Banque Misr, naming them a primary money-laundering concern. It estimates 1.8 billion dollars moved for 103 firms tied to Iran's shadow-banking network since 2024.