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Turkey's Halkbank Reaches Deal To Exit Iranian Sanctions Case

A building with blue signage that reads Halkbank

By Stewart Bishop

U.S. authorities and Turkey's Halkbank have agreed to end the long-running criminal case accusing the state-backed lender of scheming to launder billions of dollars in sanctioned Iranian oil proceeds, in a no-fine deal that's explicitly tied to Turkey's diplomatic efforts in the Israel-Hamas war.


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