US targets Trkiye-based bank in latest sanctions on Iran financial network

The United States, in its latest efforts of economic sanctions under Operation Economic Outcast, on Friday (local time) imposed fresh sanctions on a Trkiye-based financial institution and two of its subsidiaries, accusing them of facilitating transactions linked to Iran's Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and providing the Iranian regime with access to international correspondent banking services. The US Department of the Treasury said the action, taken under its "Operation Economic Outcast", targets Golden Global Yatirim Bankasi Anonim Sirketi, also known as Golden Global Bank, along with its Trkiye-based subsidiaries G…