Turkish bank charged in $20B scheme to skirt US sanctions on Iran
Tuesday with participating in a multibillion-dollar scheme to evade/ Manhattan U.S. Attorney Geoffrey Berman said senior bank officials at the state-owned bank helped to move billions of dollars of Iranian oil revenue illegally./ Prosecutors said that between 2012 and 2016, Halkbank helped run a scheme allowing Iran to spend proceeds from oil sales on international markets, directly violating U.S. sanctions, using a web of front companies. Berman said the crimes were propped up by high-ranking Turkish government officials, some of whom ...
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