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Turkey's Halkbank faces US charges over alleged Iran sanctions evasion

By Richard Vanderford ( October 15, 2019, 22:16 GMT | Insight) -- ​Halkbank, a Turkish state-owned institution, illegally circumvented US sanctions on Iran, US prosecutors said in charges filed today. The bank, formally known as Turkiye Halk Bankasi, moved about $20 billion worth of restricted Iranian funds with the complicity of senior bank employees and bribe-taking government officials, New York federal prosecutors said.Halkbank, a Turkish state-owned institution, illegally circumvented US sanctions on Iran, US prosecutors said in charges filed today....

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