Turkish Halkbank Sanctions Case Back on Agenda of US Court

A sign on the exterior of a Turkiye Halk Bankasi AS bank branch in Istanbul. — A sign on the exterior of a Turkiye Halk Bankasi AS bank branch in Istanbul.
Photographer: Nicole Tung/Bloomberg

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By Bob Van Voris and Beril Akman

February 24, 2026 at 6:06 PM UTC

Updated on

February 25, 2026 at 7:08 AM UTC

The US criminal case against Turkish state lender Halk Bankasi AS is back on the agenda of a US court that abruptly canceled a hearing in the case last month.

Prosecutors in New York indicted Halkbank in 2019 for conspiring to evade economic sanctions that the US had imposed on Iran. Two individuals, including a former Halkbank executive, were convicted for their roles in the scheme.