Region: Turkey

BaFin places Turkish bank under close supervision

20 April 2022

Entain reports bribery investigation settlement provision

03 March 2022

Second Circuit denies Halkbank’s challenge to US sanctions case

A US federal appeals court has said the Turkish state financial institution is not immune from prosecution for sanctions violations.

25 October 2021

Major Turkish consumer goods company faces US sanctions probe

The Treasury Department is investigating Turkish consumer goods multinational Arçelik, which owns several prominent household appliance manufacturers, over its historic dealings in Iran.

28 July 2021

Halkbank attempts to throw out sanctions case at Second Circuit

13 April 2021

US court reinstates FARA guilty verdict against Flynn associate

18 March 2021

Second Circuit pauses Halkbank proceedings

17 February 2021

US rebuffs Halkbank’s immunity claims in sanctions case

“Protecting Halkbank’s access to US markets and its property in the United States was not incidental to the offenses, but a principal purpose of Halkbank’s conduct,” prosecutors wrote in a court filing.

01 September 2020

Halkbank declares immunity from prosecution in Iran sanctions case

Turkish bank Halkbank has moved to dismiss charges that it helped Iran evade US sanctions while maintaining it still wants the judge overseeing its case to be removed from the matter.

11 August 2020

OFAC signs $824,000 sanctions settlement with coatings company

Whitford Worldwide Company’s voluntary disclosure, new sanctions compliance training programme and hiring of compliance monitors helped to spare it from a far more substantial penalty, OFAC said.

28 July 2020

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