Money laundering schemes 2017: DOJ Charges Turkish State-Owned Halkbank With Money Laundering, Fraud, and Iran-Related Sanctions Offenses

Nonetheless, the case certainly involves its share of drama .  Halkbank publicly has taken the position that the indictment “was filed as part of the sanctions” and that “the decision to indict is an unprecedented legal overreach.”  The President of Turkey, Tayyip Erdogan, called the charges an “unlawful, ugly” step.  Adding to the intrigue is the fact that Rudy Guiliani, the personal lawyer of President Donald Trump, represented Turkish-Iranian gold trader Reza Zarrab , who pleaded guilty and testified against Mehmet Hakan Atilla , who had headed international banking at Halkbank. Senate Finance Committee Ranking Member Ron Wyden (D-Ore.) has added to the atmosphere by  announcing that he has launched an investigation in order to examine U.S. Secretary of the Treasury “Mnuchin’s reported conversations with President Donald Trump, Turkish officials and Treasury Department officials about Halkbank, including whether he was directed by the [P]resident to intervene in the Southern District of New York’s investigation.”

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