Case of the Day: US v. Halkbank

The case of the day is United States v. Türkiye Halk Bankasi A.S. (S.D.N.Y. 2020). The government alleged that Halkbank conspired to help Iran evade US sanctions and to use Iranian money held in the bank to engage in transactions in the US banking system. The indictment included charges for conspiracy, bank fraud, and money laundering. Halkbank is an instrumentality of the Turkish state, and it sought dismissal of the indictment on the grounds that under the FSIA the court lacked jurisdiction. (more…)

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