U.S. Indicts Turkish Bank With Ties to Giuliani Client For Evading Iran Sanctions
The U.S. Justice Department on Tuesday indicted Turkey’s second-largest bank on charges of fraud and money laundering, accusing it of helping Iran evade sanctions implemented to curb its nuclear program. Halbank was reportedly involved in the largest Iran sanctions violation to date, sending billions of dollars in gold and cash to Iran in exchange for oil and gas. “This is one of the most serious Iran sanctions violations we have seen, and no business should profit from evading our laws or risking our national security,” Assistant Attorney ...
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