Federal prosecutors agreed to entirely drop money laundering and sanctions charges against Halkbank largely due to Turkey’s assistance in brokering the Israel-Hamas ceasefire agreement.
MANHATTAN (CN) — The United States government’s lengthy prosecution of Turkish state-run lender Halkbank formally concluded Wednesday morning with a New York City federal judge greenlighting a deal that dismisses all decade-old criminal charges implicating the foreign bank in a money-laundering scheme funneling billions to Iran.
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