Washington has placed sanctions on a Turkish financial institution, alleging that it acted as a conduit for the Islamic Revolutionary Guard Corps by moving millions of dollars on behalf of Tehran. The Treasury’s Office of Foreign Assets Control says the bank helped shield Iranian entities from U.S. restrictions, enabling illicit financing for weapons programs and other sanctioned activities. The move escalates pressure on Turkey to clamp down on money‑laundering networks linked to Iran and signals a broader U.S. effort to cut off the IRGC’s revenue streams. Officials warned that any Turkish firms found facilitating similar transactions could face secondary sanctions, prompting a diplomatic scramble in Ankara to defend its banking sector.
US sanctions Turkish bank over alleged IRGC ties, accusing it of facilitating millions in transactions for Iran.
