Newsletters
Türkiye's Halkbank said Thursday that the nine-year criminal case filed against the bank in the United States will be fully concluded once the U.S. District Court for the Southern District of New York (SDNY) approves a joint petition for dismissal, filed jointly by the bank and federal prosecutors on June 10, 2026.
The case, which centered on alleged sanctions evasion related to Iran, became one of the most prominent and diplomatically sensitive legal disputes between Türkiye and the United States.
Halkbank disclosed the development in a filing to Türkiye's Public Disclosure Platform, also known as KAP.
The bank said it had submitted the compliance report required under its Deferred Prosecution Agreement, signed with the U.S. Attorney's Office for the Southern District of New York and entered into force on March 11, 2026, to both the U.S. Attorney's Office and the Treasury Department's Office of Foreign Assets Control on time.
"Following the submission of the Compliance Report, in accordance with the settlement agreement, Halkbank and the U.S. Attorney's Office for the Southern District of New York submitted the jointly signed petition for the dismissal of the criminal case to the U.S. District Court for the Southern District of New York on June 10, 2026," the bank said in its statement.
The bank said it expected the court to act on the petition shortly.
"Upon the U.S. District Court for the Southern District of New York approving the dismissal of the criminal case in a short time by taking into consideration the joint petition, the criminal case that has been ongoing for nine years will be fully concluded," it said.
Set as preferred source
Set as preferred source
1 min read
1 min read
