Region: Turkey

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

Halkbank sanctions trial to begin in March 2021

02 July 2020

Lawyers for Halkbank say request for special appearance is uncontroversial

King & Spalding has defended its request to make a special appearance to challenge charges against Turkish bank Halkbank over a multi-billion dollar sanctions evasion scheme.

20 November 2019

Halkbank slams US sanctions charges

Turkish bank Halkbank has blasted the DOJ’s “unfair” indictment a day after US authorities accused the bank of taking part in a multi-billion-dollar sanctions violations scheme.

16 October 2019

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