The US Supreme Court heard arguments Tuesday on whether Turkey’s Halkbank helped the Islamic Republic of Iran evade American sanctions, in a bid from the juggernaut bank to try and avoid charges.
What happened: In 2019, the US Department of Justice charged Halkbank with bank fraud, conspiracy and money laundering, accusing the bank of “participation in a multibillion-dollar scheme to evade US sanctions on Iran,” according to a press release at the time.
