US sanctions Turkish bank, alleging it helped process IRGC transactions
Translated from Malay and summarized by DistantNews. Read the original for the full story.
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- The United States imposed sanctions on Turkey’s Golden Global Bank and its subsidiary.
- The U.S. Treasury alleged that the bank helped facilitate transactions worth tens of millions of dollars for Iran’s Islamic Revolutionary Guard Corps.
- The action came as Washington intensified economic pressure on Tehran.
WASHINGTON: The United States has sanctioned a Turkish bank over alleged links to Iran’s Islamic Revolutionary Guard Corps, escalating pressure on Tehran.
The sanctions target Golden Global Bank and its subsidiary. The U.S. Treasury Department said the institutions allegedly facilitated transactions worth tens of millions of dollars for the IRGC.
Washington announced the measures as it increased its economic pressure on Iran.
About this summary
Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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