By Luc Cohen and Jonathan Stempel
THE U.S. Justice Department agreed to resolve its long-running criminal prosecution of Turkish state-run lender Halkbank with a deal that it says furthers the U.S. government’s interest in curbing support for Iran.
According to the agreement filed in Manhattan federal court, Halkbank agreed not to enter transactions that would benefit Iran, and will hire a monitor to review its sanctions and anti-money-laundering compliance. The years-long saga centered around allegations that the bank helped Iran evade American economic sanctions.
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