Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Islamophobia_$type=carousel$h=350$show=/search/label/Muslim%20World

Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Iran_$type=three$count=3$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Palestine$type=three$author=hide$comment=hide$rm=hide$date=hide$show=/search/label/Muslim%20World

Turkish banks could face big U.S. fines over Iran: report

SHARE:

Turkish President Tayyip Erdogan makes a speech during the opening ceremony of Eurasia Tunnel in Istanbul, Turkey, December 20, 2016.

ANKARA/ISTANBUL - Six Turkish banks face billions of dollars of fines from U.S. authorities over alleged violations of sanctions with Iran, the Haberturk newspaper reported on Saturday, citing senior banking sources.

The report could not be verified by Reuters. Two senior Turkish economy officials told Reuters that Turkey has not received any notice from the United States about such penalties, adding that U.S. regulators would normally inform the finance ministry’s financial crimes investigation board.

Turkish authorities are expected to issue a statement to issue the address the issue soon, the senior economy officials said.

The report comes as relations between Washington and Ankara have been strained by a series of diplomatic rows, prompting both countries to cut back issuing visas to each other’s citizens.

Haberturk did not name the six banks potentially facing the fines. One bank will face a penalty in excess of $5 billion, while the rest of the fines will be lower, it said.

U.S. officials will notify the banks of their penalties in the coming days and the banks are likely to be able to negotiate down the fines, Haberturk said.

U.S. authorities have hit global banks with billions of dollars in fines over violations of sanctions with Iran and other countries in recent years.

U.S. prosecutors last month charged a former Turkish economy minister and the ex-head of a state-owned bank with conspiring to violate Iran sanctions by illegally moving hundreds of millions of dollars through the U.S. financial system on Tehran’s behalf.

President Tayyip Erdogan has dismissed the charges as politically motivated, and tantamount to an attack on the Turkish Republic.

The charges stem from the case against Reza Zarrab, a wealthy Turkish-Iranian gold trader who was arrested in the United States over sanctions evasion last year. Erdogan has said U.S. authorities had “ulterior motives” in charging Zarrab, who has pleaded not guilty.

COMMENTS

Name

Ads,5,Afghanistan,75,Africa,26,Americas,5,Animals,36,Argentina,1,Asia,235,Australia,11,Austria,5,Bahrain,2,Bangladesh,18,Barcelona,1,Belgium,3,Brunei,1,Business,1300,Canada,4,Catalan,80,China,118,Cuba,3,Czech Republic,3,DR Congo,1,Egypt,22,Ethiopia,1,Europe,237,Fitness,14,France,26,Germany,37,Headlines,11,Health,169,Hillary Clinton,199,Hong Kong,2,Hungary,1,Iceland,1,India,104,Indonesia,9,International,75,Iran,77,Iraq,77,Ireland,2,Islamophobia,19,Israel,10,Italy,3,Japan,36,Jordan,1,Kenya,7,Kosovo,1,Kuwait,3,Lebanon,2,Libya,2,Lifestyle,302,Lithuania,1,Malawi,1,Malaysia,15,Malta,1,Maxico,3,Middle East,127,Muslim World,598,Myanmar,35,Nawaz Sharif,5,Nepal,3,Netherlands,2,New Zealand,9,Niger,1,Nigeria,2,Nobel Prize,81,North Korea,53,Norway,1,Opinion,26,Pakistan,1036,Palestine,36,Philippine,16,Pics,66,Poland,3,Popular,1,Qatar,93,Rohingya,118,Russia,45,Rwanda,1,Saudi Arabia,83,Science,144,Serbia,2,Showbiz,350,Somalia,4,South Africa,1,South Korea,7,Spain,60,Sports,1311,Sudan,1,Sweden,1,Switzerland,2,Syria,112,Taiwan,2,Technology,449,Thailand,5,Today IN History,24,Top News,994,Tunisia,1,Turkey,77,U.S.,301,UAE,21,UK,51,Ukrain,2,Venezuela,4,Videos,75,Vietnam,2,World,4824,Yemen,21,Zimbabwe,2,
ltr
item
Muslim Global: Turkish banks could face big U.S. fines over Iran: report
Turkish banks could face big U.S. fines over Iran: report
Six Turkish banks face billions of dollars of fines from U.S. authorities over alleged violations of sanctions with Iran, the Haberturk newspaper reported on Saturday, citing senior banking sources.
https://1.bp.blogspot.com/-0LyLeejtKO0/WetRB-mp-sI/AAAAAAAAk0Y/4Nf9PirGwa09kCenpCBYGh88UI4tchFegCLcBGAs/s640/Turkish%2BPresident%2BTayyip%2BErdogan%2Bmakes%2Ba%2Bspeech%2Bduring%2Bthe%2Bopening%2Bceremony%2Bof%2BEurasia%2BTunnel%2Bin%2BIstanbul%252C%2BTurkey%252C%2BDecember%2B20%252C%2B2016..jpg
https://1.bp.blogspot.com/-0LyLeejtKO0/WetRB-mp-sI/AAAAAAAAk0Y/4Nf9PirGwa09kCenpCBYGh88UI4tchFegCLcBGAs/s72-c/Turkish%2BPresident%2BTayyip%2BErdogan%2Bmakes%2Ba%2Bspeech%2Bduring%2Bthe%2Bopening%2Bceremony%2Bof%2BEurasia%2BTunnel%2Bin%2BIstanbul%252C%2BTurkey%252C%2BDecember%2B20%252C%2B2016..jpg
Muslim Global
http://www.muslimglobal.com/2017/10/turkish-banks-could-face-big-us-fines.html
http://www.muslimglobal.com/
http://www.muslimglobal.com/
http://www.muslimglobal.com/2017/10/turkish-banks-could-face-big-us-fines.html
true
616431133175714168
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy