Turkey’s Halkbank said it had reached an agreement with the US Department of Justice to settle a years-long criminal case against the state-run bank over violating sanctions on Iran, AFP reports.
Under the terms of a deferred prosecution agreement, the bank “will not admit to any criminal offences, nor will it pay any judicial or administrative fines”, the bank said on X.
With the court’s approval of the deal, “the criminal case against our bank in the US… will be concluded,” it added.
