U.S. Imposes Sanctions on Turkish Bank for Aiding Iran's IRGC
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New informationRepeats or wire copies
What happened
The United States implemented sanctions under Operation Economic Outcast against Golden Global Bank and its two subsidiaries, which are based in Türkiye. The U.S. Treasury stated that the bank facilitated tens of millions of dollars in transactions for the Islamic Revolutionary Guard Corps-Qods Force and provided the Iranian regime with correspondent banking access. Scott Bessent warned that financial institutions continuing to facilitate business with Iran would face consequences.
From aninews.in
Why it matters
The sanctions target financial conduits used by the Islamic Revolutionary Guard Corps to move funds internationally. Reports indicate that the Islamic Revolutionary Guard Corps funnels money through Turkey to Hamas operatives. While U.S. economic pressure has restricted Tehran’s financial networks, Iran continues to access funds through various channels.
Scott Bessent spoke on behalf of the U.S. Treasury regarding Iran, while the Iranian regime continues to utilize the Islamic Revolutionary Guard Corps for political control.
Who's involved
- Scott BessentUnited States Secretary of the Treasury who announced the expanded sanctions campaign
- Islamic Revolutionary Guard CorpsMilitary organization targeted by sanctions for using financial conduits
- IranThe country whose financial networks are being restricted by U.S. sanctions
How it developed
Newest first. Tap a step to see who reported it.- US implements naval blockade and sanctions regime on Iran, while Ebrahim Azizi challenges Scott Bessent's claims regarding Iran's economic status.Sub-event
US sanctions target Golden Global Bank for aiding IRGC transactions.1 source
- Scott Bessent is elevated as a trusted policy advisor, amid mounting frustrations over the Iran war, leading to the unveiling of Operation Economic Outcast sanctions.Sub-event
Bessent announced sanctions threats against countries dealing with Iran.1 source
Bessent commented on seized funds as IRGC uses Iranian oil sales network.1 source
US is implementing harsh economic measures against Iran, specifically targeting IRGC funding.1 source
Keep exploring
Part of
Scott Bessent spoke on behalf of the U.S. Treasury regarding Iran, while the Iranian regime continues to utilize the IRGC for political control.Also in this story
- U.S. Treasury Secretary Bessent applies economic pressure on Iran, while the IRGC responds to armed uprisings in Sistan.
- The U.S. administration has announced that it is targeting Iranian assets globally.
- The Treasury team tracked funds intended for the Ayatollah.
- Ali Naderi made statements on May 28th regarding the defense of the political system of the Islamic Republic while serving in a deputy public relations capacity.
The entities involved
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Scott Bessent
United States Secretary of the Treasury
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Islamic Revolutionary Guard Corps
military organization to protect the political system of the Islamic Republic in Iran
Related events
- The Trump administration launched sanctions against Iran, aiming to choke off its revenue streams, a development discussed by Scott Bessent.
- Scott Bessent commented on the current geopolitical situation, including Iran's attacks, US policy challenges, and ongoing ceasefire talks.
- Trump signals plans to choke Iran economically while Bessent warns of unprecedented US measures, coinciding with Aref's market supervision order.
- US imposes sanctions on Iran's financial lifelines, specifically targeting India-based companies.
- Bessent links G20 consensus to economic isolation of Iran, while Trump's order drives revised international tax compliance, tracking illicit Bitcoin funding via factors including Syria's rescission.
Coverage
Newest first; wire copies grouped- theyeshivaworld.com
- thenewamerican.com
- aninews.in
- moneycontrol.com
- bbc.co.uk
- thevermilion.com
- wdiy.org
- iraqsun.com
- cointelegraph.com
- finanznachrichten.de
- wnyc.org
- infosecurity-magazine.com
- kfdm.com
- yahoo.com
- albawaba.com
35 more outlets ran the same wire story
- voa.gov
- mondaq.com
- zerohedge.com
- globalsecurity.org
- themedialine.org
- americanbanker.com
- deccanchronicle.com
- thearabianpost.com
- en.ce.cn
- i24news.tv
- moneycontrol.com
- miragenews.com
- jpost.com
- nypost.com
- jns.org
- ianslive.in
- prokerala.com
- clevelandjewishnews.com
- redstate.com
- pjmedia.com
- yahoo.com
- al-monitor.com
- scmp.com
- dailysabah.com
- timeslive.co.za
- tribune.com.pk
- kunc.org
- ijpr.org
- wypr.org
- kunr.org
- ypradio.org
- kjzz.org
- northcountrypublicradio.org
- kyuk.org
- english.news.cn