US imposes sanctions on Turkish bank, prompting legal threat

NEWS SUMMARY

The United States Treasury Department sanctioned Turkey's Golden Global Bank on Friday, accusing it of facilitating tens of millions of dollars in transactions for Iran's Islamic Revolutionary Guard Corps-Qods Force and enabling the transfer of oil revenues. The Turkish bank denied the allegations, stated it adheres to all compliance rules, and vowed to pursue legal action against the sanctions.

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US sanctions Turkish bank over alleged IRGC ties, accusing it of facilitating millions in transactions for Iran.

US imposes sanctions on Turkish bank, prompting legal threat

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