US Treasury Secretary Scott Bessent announced that sanctions would be imposed on a major bank on Monday, and that several banks in Egypt and Turkey have already been sanctioned.
U.S. Treasury Secretary Scott Bessent announced that he would impose sanctions on a major bank on Monday (September 14) to commemorate 9/11. He also revealed that the U.S. government has sanctioned and shut down the Dubai branch of Egypt's second-largest bank, citing that the bank provided $1.8 billion to Iran. Additionally, one of "Turkey's largest banks" was also sanctioned for providing funds to Iran, but Bessent did not specify its name.
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