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Circumventing U.S. Sanctions: Turkish State-Owned Bank Suspected of Transferring $1.5 Billion to Tehran

Summary by spiegel.de
For the last five years, prosecutors in the U.S. have been investigating the Turkish bank Halkbank of laundering billions of dollars on Iran’s behalf. Now, the bank is suspected of releasing sanctioned funds to Tehran.

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spiegel.de broke the news in on Thursday, July 24, 2025.
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