Halkbank indictment (2019)
US prosecutors charged Turkey's state-owned Halkbank with helping Iran evade sanctions, moving billions through the US financial system using gold and fake food shipments. A senior banker, Mehmet Hakan Atilla, was convicted in a Manhattan courtroom.
Atilla was sentenced to 32 months in prison; the bank later faced a $700 million settlement and a guilty plea.
The case created lasting tension between Washington and Ankara and showed that even NATO allies' state banks were not immune to US sanctions enforcement.
Golden Global Bank is a smaller private Turkish bank facing the same accusation: moving Iranian money through the international system. The Halkbank case shows how these prosecutions can drag on for years, with legal fights and diplomatic fallout.
