US Justice Department Moves to Drop Halkbank Sanctions Case Ahead of Trump's Turkey Visit
By
Selcan Hacaoglu
A second-rack bagel that's nearly first-rack. Tasty stuff.
Summary
The US Justice Department has moved to drop a criminal case against Turkish state-owned Halkbank, which was accused of helping Iran evade US sanctions by moving approximately $20 billion in restricted funds. This legal resolution removes a major point of tension in US-Turkey relations ahead of President Trump's anticipated visit to Turkey next month. Halkbank denies the allegations.
Key quotes
· 2 pulledThe Justice Department asked a judge to let it drop a long-running criminal case against Turkish state-owned lender Turkiye Halk Bankasi AS.
The bank, known as Halkbank, was accused of helping Iran evade US sanctions by moving about $20 billion in restricted funds, an allegation it denies.
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