Halkbank, a Turkish state-owned bank, is seeking immunity from prosecution in the United States in connection with a case involving violations of Iran sanctions. The bank is urging the US government to grant it immunity as it faces charges related to allegedly helping Iran evade sanctions imposed by the US.
The case against Halkbank stems from accusations that the bank engaged in a scheme to transfer billions of dollars on behalf of Iran, in violation of US sanctions. The bank's former deputy general manager was convicted in the US in 2018 for his role in the scheme, which involved disguising transactions to appear as if they were for food and medicine.
