On 23rd October, KYC 360 reported that the EBRD claims that it now has the right to exit its 10% stake in Borsa Istanbul. Mehmet Hakan Atilla, the ex-deputy chief executive officer of state-owned Halkbank, was convicted by a New York court in early 2018 for helping Iran evade economic sanctions on billions of dollars of oil revenue. He served 28 months but received a hero’s welcome from government officials on his release.
Meanwhile, on 22nd October, Out-Law published an article saying that the FBI has charged Halkbank with fraud, money laundering, and sanctions offences related to the bank’s participation in an alleged multibillion-dollar scheme to evade US sanctions on Iran.
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