Halk bank case. Zarrab (Turkiye Halk Bankasi), No.
Halk bank case . The justices turned away Halkbank's appeal of a lower court's ruling that let the criminal case brought by the U. C. Supreme Court on January 8 denied a civil petition brought against Halkbank, a Turkish state-owned public lender accused of facilitating Iranian sanctions busting. Nov 7, 2024 · A Halkbank building in Izmir, Turkey. Despite the petition’s dismissal, May 7, 2025 · Turkey's state-controlled Halkbank asked the U. Oct 25, 2024 · On October 22, 2024, the U. [1] Jul 21, 2025 · The Supreme Court case of Turkiye Halk Bankasi A. United States, 598 U. courts must defer to the executive branch’s judgment on whether foreign state-owned entities like Halkbank are entitled to immunity. Oct 22, 2024 · Halkbank pleaded not guilty to bank fraud, money laundering and conspiracy. United States (Halkbank) that may make it easier to prosecute foreign sovereign entities, while leaving some thorny questions of immunities unresolved. In support, it cites two cases and Section 69 of the Second Restatement of Foreign Relations Law. In 2019, U. Jan 26, 2024 · The U. charges an Defendant-Appellant Turkiye Halk Bankasi A. (“Halkbank”) appeals from the decision and order of the United States District Court for the Southern District of New York (Richard M. government's prosecution of a bank owned by the Republic of Turkey, arising from a conspiracy to evade economic sanctions imposed on Iran, the district court has jurisdiction under the general federal criminal jurisdiction statute and the Foreign Sovereign Immunities Act does not provide the bank with immunity. United States: In the U. Court of Appeals for the Second Circuit ruled that Türkiye Halk Bankası A. United States Holding: The district court has jurisdiction of this criminal prosecution under 18 U. Oct 6, 2025 · (Reuters) -The Supreme Court declined on Monday to hear another bid by Turkey's state-owned lender Halkbank to avoid fraud, money laundering and conspiracy charges in the United States for Oct 3, 2022 · Turkiye Halk Bankasi A. United States involved the U. Immigration and Customs Enforcement have fulfilled their obligations responding to certain Freedom of Information Act requests made by Williams & Connolly LLP Feb 28, 2024 · Turkey's Halkbank drew skepticism from a U. Apr 24, 2023 · On April 19, the Supreme Court delivered a decision in Türkiye Halk Bankasi S. Nov 3, 2025 · Federal agencies including U. Turkiye Halk Bankasi (“Halkbank”) is a commercial bank that is majority-owned by the Government of Turkey. Oct 6, 2025 · Oct 6 (Reuters) - The Supreme Court declined on Monday to hear another bid by Turkey's state-owned lender Halkbank (HALKB. criminal charges that it helped Iran evade American sanctions. Jan 17, 2023 · Facts of the case Turkiye Halk Bankasi (“Halkbank”) is a commercial bank that is majority-owned by the Government of Turkey. appeals court on Friday rejected a request by Türkiye's Halkbank to reconsider a ruling that allows the U. sanctions against Iran. May 8, 2025 · After remanding the case, the appeals court concluded that U. As I wrote in January, the case stemmed from the Southern District of New York’s indictment of Halkbank, which is majority-owned by the government of Turkey Dec 7, 2024 · The case against Halkbank U. regulators and foreign banks, and lied to U. 264 (2023), was a United States Supreme Court case in which the court held that the Foreign Sovereign Immunities Act 's comprehensive scheme governing claims of sovereign immunity in civil actions against foreign states and their instrumentalities does not cover criminal cases. Berman, Judge), entered on October 1, 2020, denying Halkbank’s motion to dismiss the indictment against it on foreign sovereign immunity grounds. 20-3499 (2d Cir. Oct 22, 2024 · Turkey’s state-owned Halkbank can be prosecuted for conspiring to violate US sanctions against Iran, a federal appeals court ruled, sending the bank’s shares down. sanctions and committing related money laundering and bank fraud. The case is assigned to United States District Judge Richard M. v. economic sanctions against Iran. [6] A number of scandals and controversies involving the bank emerged in the 2010s, some of which culminated in arrests of its executives. May 1, 2025 · Halkbank, a Turkish state-owned bank accused of violating U. High-ranking government officials in Iran and Turkey participated in and protected this scheme. government proceed, allowing that decision to stand. (“Halkbank”), owned by the Republic of Turkey, can be prosecuted for allegedly helping Iran evade U. appeals court panel on Wednesday, as the state-owned lender renewed its push to escape U. sanctions. A. S. Zarrab (Turkiye Halk Bankasi), No. Feb 27, 2024 · Halkbank’s second general argument is that the common law exception for commercial activities never applied to commercial activities conducted inside a foreign sovereign’s own territory. IS) to avoid fraud, money laundering and conspiracy charges in the Turkiye Halk Bankasi A. President Donald Trump during a meeting at the White House last month, the sources said. A 2019 grand jury charged Halkbank with participating in a money-laundering scheme involving billions of dollars’ worth of Iranian oil and natural gas proceeds, in violation of U. Jan 3, 2018 · They did so by, among other things, using Halk Bank, at which ATILLA acted as Deputy General Manager of International Banking, to engage in transactions that violated U. prosecutors charged Halkbank for allegedly helping Iran evade U. Department of Justice (DOJ) to prosecute the state-owned bank for allegedly helping Iran evade U. Court of Appeals for the Second Circuit has issued its opinion in U. Ş. government’s indictment of Halkbank, a bank majority-owned by the Turkish government. May 30, 2025 · Halkbank petitioned the Supreme Court for review, arguing that FSIA extends a general grant of foreign sovereign immunity in civil and criminal cases, but that the statute’s exceptions—including the commercial activities exception—apply only in civil cases. Oct 6, 2025 · The justices turned away Halkbank's appeal of a lower court's ruling that let the criminal case brought by the U. Court of Appeals for the Second Circuit ruled on Oct. The offer was personally conveyed by President Recep Tayyip Erdoğan to U. Oct 15, 2019 · The Department of Justice announced that TÜRKİYE HALK BANKASI A. Jul 27, 2020 · A comprehensive timeline of the prosecution of Turkey's Halkbank and President Donald Trump and Attorney General William Barr's reproted actions. Berman. Turkiye Halk Bankasi (Halkbank) following the Supreme Court’s decision to remand the case for further consideration of common law immunity issues. regulators about Halkbank’s involvement. Supreme Court declined to review a Second Circuit decision that held that Halkbank was not entitled to common-law foreign sovereign immunity from criminal prosecution. Oct 22, 2021 · United States v. The case became a thorn in U. Halkbank shares closed 10% May 6, 2025 · Turkey's Halkbank asked the US Supreme Court to review a lower court ruling saying it can be prosecuted for allegedly helping Iran evade American sanctions, a US-based lawyer for the bank said on Jul 27, 2020 · A comprehensive timeline of the prosecution of Turkey's Halkbank and President Donald Trump and Attorney General William Barr's reproted actions. sanctions on Iran, filed a petition for certiorari last week seeking a second chance to convince the Supreme Court that it is immune from criminal prosecution in the United States. prosecutors first charged Halkbank in 2019, accusing the bank of using money services and front companies to help Iran secretly transfer $20 billion in restricted funds. Halkbank moved to dismiss the indictment, arguing that the Foreign Sovereign On October 22, 2024, the Second Circuit held in United States v. , aka “Halkbank,” was charged today in a six-count indictment with fraud, money laundering, and sanctions offenses related to the bank’s participation in a multibillion-dollar scheme to evade U. 2024) case opinion from the US Court of Appeals for the Second Circuit May 1, 2025 · The U. sanctions on Iran. The case addressed whether the bank could face criminal prosecution in American courts or if it was protected by foreign sovereign immunity. sanctions through a vast money-laundering scheme. Halkbank shares closed 10% Apr 19, 2023 · The case involved what a 2019 indictment called a multiyear scheme by the bank, known as Halkbank, to launder billions of dollars of Iranian oil and natural gas proceeds. According […] Nov 3, 2025 · Case Summary: The U. Oct 8, 2025 · The Turkish government has reportedly proposed a $100 million settlement to resolve the Halkbank case in the United States, according to two sources who spoke with Reuters. [5] Halkbank is a bank that offers vehicle loans, housing loans, consumer loans and commercial loans. Turkiye Halk Bankasi A. -Turkey relations, with Turkish President Tayyip Erdogan calling the U. As we previously reported in our Alert, " U. The U. 22, 2024, that the bank is not entitled to sovereign immunity and may face criminal charges for money laundering, bank fraud, and conspiracy to evade U. Supreme Court Rules that FSIA Does Mar 31, 2020 · The indictment of Turkish state-owned Halkbank, unsealed late last year, is the first against a major bank for sanctions violations brought by the United States. Supreme Court to throw out a lower court ruling saying it could be prosecuted on criminal charges it helped Iran evade American sanctions. This appeal returns to us on remand from the United States Oct 15, 2019 · Halkbank knowingly facilitated the scheme, participated in the design of fraudulent transactions intended to deceive U. § 3231, and the Foreign Sovereign Immunities Act's comprehensive scheme governing claims of immunity in civil actions against foreign states and their instrumentalities does not cover criminal cases. Turkiye Halk Bankasi that common-law foreign sovereign immunity does not protect Halkbank, a bank majority-owned by the Republic of Turkey, from criminal prosecution relating to an alleged conspiracy to evade U. Halkbank is now a publicly traded company, although the majority stakeholder remains the Turkish government. Jul 21, 2025 · The Supreme Court case of Turkiye Halk Bankasi A. Dec 7, 2024 · A U. eot1ruwseb9fayvqdp1ow12u3owvqfoaxquiyxae1vt5