HALKBANK ARGUES IT CANNOT BE TRIED IN US BECAUSE IT IS A STATE-OWNED ENTITY

On 13 August, World ECR reported that, after refusing to appear in a US courtroom for months to defend charges of laundering billions of dollars for Iran in violation of US sanctions, Turkey’s Halkbank has filed a motion claiming immunity from prosecution in the US because it is a state-owned entity. It also insists that its business activity took place outside the US.

https://www.worldecr.com/news/halkbank-argues-it-cannot-be-tried-in-us-because-it-is-a-state-owned-entity/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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