The United States Department of the Treasury has designated Turkey-based Golden Global Bank and its subsidiaries under sanctions for their alleged connections to Iran’s Islamic Revolutionary Guard Corps. According to US authorities, the financial institution processed transactions valued in the tens of millions of dollars on behalf of the IRGC. In addition, the Treasury stated that the lender provided Iran with critical correspondent banking services that facilitated international fund transfers. This enforcement action aligns with broader Washington initiatives, described by US Treasury Secretary Scott Bessent as part of "Operation Economic Outcast," aimed at economically isolating Tehran. It follows recent measures targeting the UAE operations of an Egyptian lender.
Source : Turkish Minute
