Informal value transfer systems

Turkey has strongly protested the United States and said it will retaliate the sanctions imposed on justice and interior ministers in the same way and without delay.

A Turkish banker sentenced to 32 months in prison for plotting to help Iran evade U.S. sanctions on billions of dollars of oil proceeds took steps on May 25 to appeal his conviction in New York.

A Turkish banker was sentenced on May 16 to 32 months in a U.S. prison for plotting to help Iran evade American sanctions, in an much-contested case straining ties between Ankara and Washington.

U.S. prosecutors on April 4 asked a federal judge to sentence a Turkish banker convicted of helping Iran evade U.S. sanctions to about 20 years in prison.

A New York jury in the trial of a Turkish banker accused of helping Iran evade U.S. sanctions
showed signs of division on Dec. 22 as it ended its third day of deliberations without reaching a verdict.

A New York jury on Dec. 21 ended its second day of deliberations without a verdict in the trial of a Turkish banker accused of helping Iran evade U.S. sanctions.

A jury did not reach a verdict in its first day of deliberations on Dec. 20 in the trial of a Turkish banker accused of helping Iran evade U.S. sanctions and launder billions of dollars in oil revenue.

A Turkish-Iranian businessman testifying in the trial of a Turkish banker accused of helping Iran evade U.S. sanctions said on Dec. 5 that he paid a $45,000 bribe to a U.S. prison guard to obtain alcohol and use the guard’s phone.

Deutsche Bank AG is expected to be fined by the Federal Reserve and New York’s Department of Financial Services for its conduct in the foreign exchange market, a person familiar with the matter said.
The German lender said Monday that the U.S. Justice Department had closed a criminal inquiry into its currency-trading activities without action.

Two Afghan employees at a currency exchange bureau in central Athens and a Greek alleged to own the establishment were detained on Tuesday in connection to the alleged illegal transfer of more than 4.5 million euros to Asian and African states.