US sanctions Turkish bank over alleged Iran transactions
Washington has blacklisted Golden Global Bank, saying it helped move money tied to Iran and the Revolutionary Guard.
The United States has imposed sanctions on Golden Global Bank, a Turkish lender, over allegations that it handled transactions linked to Iran and the Islamic Revolutionary Guard Corps. The action was announced on Thursday and prompted the bank to threaten legal steps.
According to the US Treasury, the bank facilitated millions of dollars in transfers connected to Iran. Officials said the measures were aimed at disrupting financial channels they believe support sanctioned Iranian activity.
Golden Global Bank rejected the allegations and said it would challenge the decision in court, according to reports from regional media. The bank has not publicly detailed the transactions cited by US officials.
The case adds to long-running US pressure on institutions accused of helping Iran access the international financial system, including through third-country banks.
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