U.S. sanctions Turkish lender for funneling funds to Iran’s Quds Force
TL;DR Summary
The U.S. Treasury sanctioned Golden Global Bank of Turkey and two subsidiaries for facilitating tens of millions of dollars in transactions for Iran’s Quds Force and providing key correspondent banking access, marking the second financial institution targeted under the Trump administration’s Operation Economic Outcast as part of its effort to isolate Tehran.
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- U.S. 'Economic Outcast’ operation gains momentum as EU joins sanctions; South Korea weighs military backing CNBC
- US issues sanctions on Turkish bank that it calls a ‘critical financial lifeline’ for Iran AP News
- Exclusive | US severs Iran’s ‘financial lifeline’ to NATO ally Turkey with bank sanctions: ‘Find out the hard way’ New York Post
- US Sanctions Small Turkish Investment Bank Over Iran Links Bloomberg.com
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