WASHINGTON, Feb 16 (Reuters) - The U.S. Treasury Department on Wednesday advised American financial institutions to closely monitor transactions related to Egypt for any possible signs that state assets were being misappropriated.
The advisory, issued by the Treasury's Financial Crimes Enforcement Network, said banks should apply enhanced scrutiny to private banking accounts involving "foreign political figures."
It also advised institutions to "monitor transactions that could potentially represent misappropriated or diverted state assets, proceeds of bribery or other illegal payments, or other public corruption proceeds."