Turkey's Halkbank not immune from US prosecution in Iran sanctions case

Turkiye Halk Bankasi

22/10/2024 14:31

NEW YORK, Oct 22 (Reuters) - A U.S. appeals court on
Tuesday rejected a request by Turkey's state-owned Halkbank
 HALKB.IS  for immunity from U.S. criminal charges that it
helped Iran evade American sanctions.
    The 2nd U.S. Circuit Court of Appeals in Manhattan said it
found no basis in common law for a foreign state-owned
corporation to be absolutely immune from U.S. prosecution for
alleged criminal conduct related to its commercial activities.
    

 (Reporting by Jonathan Stempel in New York)
 ((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters
Messaging: jon.stempel.thomsonreuters.com@reuters.net))