US imposes sanctions on Turkish bank, prompting legal threat

Banks US imposes sanctions on Turkish bank, prompting legal threat US sanctions Turkish bank over alleged IRGC ties, accusing it of facilitating millions in transactions for Iran. Add Al Jazeera on Google US Secretary of Treasury Scott Bessent speaks during a news conference at the close of the G20 Finance Ministers and Central Bank Governors’ meeting on its final day in Asheville, NC [AFP] By Al Jazeera Staff and AFP Published On 5 Sep 2026 5 Sep 2026 The United States Treasury Department has imposed sanctions on a Turkish bank and its subsidiaries over alleged ties to Iran, as Washington seeks to economically isolate Tehran.