2 articles from Fortune, Al Jazeera.
The United States imposed sanctions on Turkish bank Golden Global Yatirim Bankasi Anonim Sirketi, accusing it of helping Iran transfer oil revenue from China to Turkey by converting it to cash and gold. The Treasury action, which Treasury Secretary Scott Bessent announced as part of "Operation Economic Outcast," prompted a legal threat from the bank. The sanctions target the bank's alleged role in facilitating millions in transactions connected to Iranian interests.
AI-generated summary of 2 source articles. Not original reporting — every claim links to its source below.
The actions against Golden Global Yatirim Bankasi Anonim Sirketi come after Treasury Secretary Scott Bessent last week launched “Operation Economic Outcast."
US sanctions Turkish bank over alleged IRGC ties, accusing it of facilitating millions in transactions for Iran.
