UP

US sanctions Turkish bank over Iran financial ties

Home page World
12 Punto 14 Punto 16 Punto 18 Punto
US sanctions Turkish bank over Iran financial ties

The U.S. Department of the Treasury on Friday sanctioned Turkiye-based Golden Global Bank and two of its subsidiaries over their role in facilitating financial transactions for Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF).

Axar.az reports, citing the Treasury, that Golden Global Bank had facilitated tens of millions of dollars in transactions for the IRGC-QF and provided Iranian financial institutions with correspondent banking access, enabling the transfer of funds internationally.

The bank was also accused of helping Iran transfer oil revenues from China to Turkiye, where the funds could be converted into cash and gold, according to the Treasury.

The two subsidiaries designated alongside the bank are Istanbul-based Golden Global Varlik Kiralama Anonim Sirketi and Golden Global Portfoy Yonetimi Anonim Sirketi.

Treasury Secretary Scott Bessent said the measures were part of Operation Economic Outcast, aimed at cutting off the Iranian regime’s remaining financial lifelines.

Date
2026.09.04 / 20:51
Author
Axar.az
See also

Iran proposes two-day timeline for US peace deal

Two Azerbaijanis killed in road accident in Russia

Former Zelensky spokeswoman Mendel charged with treason

Russian deputy foreign minister meets Armenian ambassador

Armenia could apply for EU membership in 2027 or 2028

Millions vote in US midterms to decide control of Congress

Azerbaijan and Latvia hold consular consultations

Zelensky rejects phone talks with Putin, calls for meeting

Pashinyan: Peace with Azerbaijan is already reality

Turkiye denies claims Heydar Aliyev bust will be removed

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla