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The United States announced sanctions against Turkish state-owned Halkbank for violating sanctions against Iran and engaging in a multibillion-dollar scheme for skirting said sanctions. The U.S. attorney for the Southern District of New York said “As alleged in today’s indictment, Halkbank’s systemic participation in the illicit movement of billions of dollars’ worth of Iranian oil revenue was designed and executed by senior bank officials. The bank’s audacious conduct was supported and protected by high-ranking Turkish…