US sanctions Turkish bank over alleged Iran ties
The US Treasury sanctioned Golden Global Bank, Turkey's 35th-largest, for allegedly moving IRGC-Qods Force funds and Iranian oil revenue through a gold-and-cash shadow banking network running from China to Turkey, under Operation Economic Outcast. First time the campaign has reached a Turkish bank rather than a trader or vessel, putting Turkish correspondent banking inside the blast radius. The bank denies wrongdoing.