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US imposes sanctions on Turkish bank, prompting legal threat
US sanctions Turkish bank over alleged IRGC ties, accusing it of facilitating millions in transactions for Iran.
AI Summary
The U.S. Treasury Department imposed sanctions on a Turkish bank and its subsidiaries on September 5, 2026. The sanctions were issued because the bank was alleged to have ties to the Iranian Revolutionary Guard Corps and to have facilitated millions of dollars in transactions for Iran. Washington’s action is part of a broader effort to economically isolate Tehran. The bank has threatened legal action in response to the sanctions.
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