The U.S. Supreme Court on January 8 denied a civil petition brought against Halkbank, a Turkish state-owned public lender accused of facilitating Iranian sanctions busting. Despite the petition’s dismissal,...
A U.S. appeals court ruled on October 22 that Halkbank, a public lender majority-owned by Turkey’s sovereign wealth fund, cannot claim sovereign immunity under U.S. law to scuttle a federal criminal case...
The U.S. Department of Commerce’s Bureau of Industry and Security on May 5 announced it would deny export privileges to Mehmet Hakan Atilla, the former deputy general manager of Halkbank, Turkey’s second-largest...
Turkey’s currency is in free fall. International investors are fleeing the country. Accusations of bribery and support for terrorism abound. And something clearly is rotten at the heart of the Turkish...
A Manhattan federal judge on October 1 refused to dismiss an indictment accusing Halkbank, a public lender majority-owned by the Turkish government, of helping Iran evade U.S. sanctions. In the event of...
Iran’s sanctions-evasion schemes involving Turkey “started earlier, lasted longer, extended further, and involved more people and countries” than previously known, according to a series of deeply...
U.S. prosecutors in New York asked a federal judge on January 21 to impose escalating fines on Turkey’s Halkbank for failing to respond in court to criminal charges that it helped Iran evade U.S. sanctions....
The European Bank for Reconstruction and Development (EBRD) announced yesterday that it will sell its 10 percent stake in the Istanbul stock exchange after Turkey named as its CEO a Turkish banker convicted...
How Erdogan could use the exception to outsmart the United States, again.
Yesterday, Turkish banker Mehmet Hakan Atilla was found guilty in a Manhattan courtroom for a range of financial crimes. His dramatic trial revealed that tens o...
Today, a federal jury in the Southern District of New York returned a ...
Turkey’s second-largest public lender Halkbank has reportedly...
U.S. authorities arrested Mehmet Hakan Atilla, the...