US imposes sanctions on Turkish bank, prompting legal threat
The US Treasury has sanctioned a Turkish bank, Golden Global Bank, for allegedly facilitating millions of dollars in transactions for Iran's Islamic Revolutionary Guard Corps. The bank has denied the claims and announced plans to pursue legal action against the sanctions.
Why it matters
This move highlights ongoing US efforts to use financial sanctions to isolate Iran and enforce international banking compliance.
US sanctions Turkish bank over alleged IRGC ties, accusing it of facilitating millions in transactions for Iran.
x whatsapp-stroke copylink google Add Al Jazeera on Google info US Secretary of Treasury Scott Bessent speaks during a news conference at the close of the G20 Finance Ministers and Central Bank Governors’ meeting on its final day in Asheville, NC [AFP] By Al Jazeera Staff and AFP Published On 5 Sep 2026 5 Sep 2026 The United States Treasury Department has imposed sanctions on a Turkish bank and its subsidiaries over alleged ties to Iran, as Washington seeks to economically isolate Tehran.
The Treasury Department accused Golden Global Yatirim Bankasi Anonim Sirketi (Golden Global Bank) on Friday of facilitating “tens of millions of dollars’ worth of transactions for the Islamic Revolutionary Guard Corps-Qods Force” and providing the Iranian government with banking access to move its funds internationally.
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