Turkish Halkbank Sanctions Case Back on Agenda of US Court (1)

The US criminal case against Turkish state lender Halk Bankasi AS is back on the agenda of a US court that abruptly canceled a hearing in the case last month.

Prosecutors in New York indicted Halkbank in 2019 for conspiring to evade economic sanctions that the US had imposed on Iran. Two individuals, including a former Halkbank executive, were convicted for their roles in the scheme.

The US Supreme Court in October declined to consider an appeal from Halkbank, which was seeking to have the charges thrown out on a claim of sovereign immunity. The case was returned to a ...