"Prosecutors said unique and extraordinary national security and foreign policy considerations contributed to the settlement, including Turkiye's assistance in securing October's ceasefire deal between Israel and Hamas and the release of Israeli captives held in Gaza. This unique and substantial public interest in supporting the release of the hostages weighed heavily in the government's assessment of the appropriate resolution of this case."
"Halkbank will engage a mutually agreed-upon third party to review the lender's sanctions and anti-money laundering compliance as part of the deal, the Justice Department said. The bank will also refrain from conducting or facilitating any transactions with the Iranian government, Iranian people or Iranian entities that involve US people or financial institutions during the period of the agreement."
The United States has agreed to drop a criminal case against Turkiye's state-run Halkbank, which was accused of participating in a multibillion-dollar scheme to evade sanctions against Iran. Prosecutors cited unique national security and foreign policy considerations, specifically highlighting Turkey's assistance in securing October's ceasefire deal between Israel and Hamas and the release of Israeli captives held in Gaza. Under the settlement agreement, Halkbank must engage a third party to review its sanctions and anti-money laundering compliance and refrain from conducting transactions with Iran involving US people or financial institutions. Halkbank has not admitted to criminal wrongdoing and will not pay penalties, pending judicial approval.
Read at www.aljazeera.com
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