Turkish bank to contest US sanctions claims
Golden Global Bank of Turkey announced that it will take legal action to challenge the decision by the U.S. Treasury Department to impose sanctions on it. Washington accused the bank of facilitating deals worth tens of millions of dollars for the Iranian Revolutionary Guard and providing Tehran with international financial activities. The bank affirmed that it has complied with all applicable laws and protocols and will work to defend itself legally. These sanctions are part of an American campaign aimed at economic isolating Iran, following previous sanctions imposed on branches of Bank of Egypt Emirati. The ongoing U.S. escalation against the Iranian regime is reflected in this move.
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