US Issues Sanctions on Turkish Bank that It Calls a ‘Critical Financial Lifeline’ for Iran
The bank and its subsidiaries allegedly moved tens of millions of dollars for Iran’s Quds Force and helped convert oil revenue into cash and gold.
- On Friday, the Treasury sanctioned Golden Global Yatirim Bankasi Anonim Sirketi to sever "critical financial lifelines" for the Iranian government, marking Washington's latest effort to isolate Tehran after more than six months of war.
- Treasury Secretary Scott Bessent announced "Operation Economic Outcast" nearly a week ago to force Tehran to capitulate, a strategy following recent military strikes and rising concerns over potential regional war involving Iran.
- Last week, Washington targeted an Egyptian bank's operations in the United Arab Emirates, while Bessent discussed these strategies during the G20 Finance Ministerial in Asheville, Sept. 1, seeking to isolate Iran from global partners.
- Promises of an "Economic D-Day" for "Operation Economic Outcast" have turned into warnings and negotiations with partners to restrict the financial reach of the Iranian government globally.
- The Trump administration resumed military strikes in recent days, prompting Iranian retaliation that has renewed regional war fears; these actions coincide with ongoing economic pressure campaigns designed to force Tehran to accept new demands.
207 Articles
207 Articles
The United States Treasury Department has imposed sanctions on a bank in Turkey, which it has described as a vital financial conduit for Iran. According to the OFAC website, the Istanbul-based bank, Golden Global Bank, has been sanctioned, which, according to American information, has transferred large sums of money paid by China for Iranian oil, channeling the proceeds to the Islamic Revolutionary Guard Corps (IRGC).
The U.S. Treasury Department has imposed sanctions this Saturday against the Turkish bank Golden Global Bank, which has been accused of facilitating the financing of structures that protect Iran's assets abroad, framing the measure in its "economic war" against Tehran, while at the same time disassociating the government of Turkey from any collaboration.Continue reading....
Türkiye's Golden Global Bank has dismissed the US accusations of financial ties to Iran as baseless and emphasized its legal rights.
U.S. sanctions Turkish financial body for aiding Iran's Revolutionary Guard
U.S. sanctions Turkish financial institution for aiding Iran's Revolutionary Guard. Palestinian reports: IDF launches raids in West Bank, fires live ammo, stun grenades. IDF launches strikes in Lebanon, cites attempted Hezbollah drone attack
By Jennifer Hansler, CNN The U.S. Secretary of State, Marco Rubio, instructed diplomats around the world this week to tell the countries where they are destined that they should “systematically identify and cut” their ties to Iran, and that those with Iranian bank branches should close them immediately.
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