Turkey's Halkbank Announces US Agreement to End Lawsuit Over Iran Sanctions
Istanbul: Turkey's Halkbank said it had reached an agreement with the US Department of Justice to settle a years-long criminal case against the state-run bank over violating sanctions on Iran.
Under the terms of a deferred prosecution agreement, the bank "will not admit to any criminal offences, nor will it pay any judicial or administrative fines", the bank said on X late Monday.
With the court's approval of the deal, "the criminal case against our bank in the US... will be concluded," it added.
Update: 2026-03-10 07:02 GMT