Turkish banks could face big U.S. fines over Iran: report 10/21/2017 6:42:23 PM facebook Google+ ► Print Turkish President Tayyip Erdogan makes a speech during the opening ceremony of Eurasia Tunnel in Istanbul, Turkey, December 20, 2016. ANKARA/ISTANBUL (Reuters) OCTOBER 21, 2017 - Six Turkish banks face billions of dollars of fines from U.S. authorities over alleged violations of sanctions with Iran, the Haberturk newspaper reported on Saturday, citing senior banking sources. The report could not be verified by Reuters. Two senior Turkish economy officials told Reuters that Turkey has not received any notice from the United States about such penalties, adding that U.S. regulators would normally inform the finance ministry’s financial crimes investigation board. Turkish authorities are expected to issue a statement to issue the address the issue soon, the senior economy officials said. The report comes as relations between Washington a...
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