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06.09.26 - 05:00
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US Sanctions Turkish Bank Over Alleged IRGC Transfers In Latest Action (ZeroHedge)
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US Sanctions Turkish Bank Over Alleged IRGC Transfers In Latest Action
Via The Cradle
The US Treasury announced sanctions on Friday on a Turkey-based bank and two of its subsidiaries, accusing them of moving tens of millions of dollars on behalf of Iran's Islamic Revolutionary Guard Corps (IRGC) Quds Force and facilitating Tehran's movement of funds across the international banking system.
“"Financial institutions continue to find out the hard way that we are serious about Operation Economic Outcast," US Treasury Secretary Scott Bessent said. "We know who you are, we know where you are, and we will continue to take action together with our allies and partners until we have buried the head of the Iranian snake."
The Office of Foreign Assets Control (OFAC) named Golden Global Yatirim Bankasi Anonim Sirketi, alongside its two Istanbul-based units, Golden Global Varlik Kiralama Anonim Sirketi and Golden Global Portfoy Yonetimi Anonim Sirketi.
OFAC alleges the bank was cre...
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03.09.26 - 15:36
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Turkey Inflation Eases To 5-month Low In August (AFX)
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ANKARA (dpa-AFX) - Turkey's consumer price inflation moderated slightly in August to the lowest level in five months, figures from the Turkish Statistical Institute showed on Thursday.Consumer pri......
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