Middle East
Türkiye· AnkaraTurkey's Banking Regulator Revokes License of US Sanctioned Golden Global Investment Bank
Turkey's Banking Regulation and Supervision Agency (BDDK) has revoked the operating license of Golden Global Investment Bank, which was placed on the US sanctions list for Iran-related transactions.
Background
The United States maintains sanctions against Iran, aiming to limit its nuclear program and support for regional groups. Turkey, while a NATO ally of the US, has significant economic ties with Iran. This creates a complex dynamic as Turkey navigates its relationships and international financial regulations.
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Turkey's Banking Regulator Revokes License of US Sanctioned Bank
First report 5h agoLast update 5h ago1 takes 1
license revoked due to sanctionsneutralShow 2 posts
started 5h ago•Last update 5h ago
The bank's license was removed due to its inclusion on the US sanctions list for dealings related to Iran.
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