Turkey’s Halkbank says US agreed to end lawsuit over Iran sanctions

Turkey’s Halkbank says it has 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, amid the US-Israeli war with the Islamic Republic.

Under the terms of a deferred prosecution agreement, the bank “will not admit to any criminal offenses, nor will it pay any judicial or administrative fines,” the bank says on X.

With the court’s approval of the deal, “the criminal case against our bank in the US… will be concluded,” it adds.

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