Halkbank Iran Sanctions Case Dismissed by Federal Judge
A federal judge has allowed the Justice Department to formally drop a long-running criminal case against Turkiye Halk Bankasi AS. The Turkish state-owned lender had been accused of helping Iran move billions of dollars in violation of U.S. sanctions. This decision concludes the legal proceedings initiated against the bank.
A federal judge has granted the Justice Department's request to formally dismiss a criminal case against Turkiye Halk Bankasi AS.
The Turkish state-owned lender had been involved in a long-running legal battle over allegations that it assisted Iran in moving billions of dollars. These actions were reportedly in violation of United States sanctions.
The court's decision allows the Justice Department to conclude the case against Halkbank.
(Source: Bloomberg Markets)
