trending Market Intelligence /marketintelligence/en/news-insights/trending/qelvuedvmvwjo6ztuxdfaw2 content esgSubNav
In This List

Halkbank exec sentenced to 32 months in prison over Iran sanctions

Blog

Banks’ Response to Rising Rates & Liquidity Concerns

Blog

Navigating Basel IV: Guidance and insight into complying with the new reforms for banks

Blog

Banking Essentials Newsletter: 23rd August edition

Blog

Banking Essentials Newsletter: 9th August Edition


Halkbank exec sentenced to 32 months in prison over Iran sanctions

A U.S. judge sentenced Türkiye Halk Bankasi AS Deputy Director General Mehmet Hakan Atilla to 32 months in prison for helping Iran evade sanctions, Bloomberg News reported.

U.S. prosecutors were seeking a minimum of 15 years in prison for Atilla, who was found guilty of conspiring with Turkish-Iranian gold trader Reza Zarrab and others to carry out illicit transactions on behalf of Iran. Atilla will receive credit for the 14 months he has already spent in jail, and he will not receive probation or a fine and will not have to pay any restitution.

Judge Richard Berman of the District Court for the Southern District of New York reportedly said Atilla's crime "appears to have been driven by loyalty to his career, employer Halkbank and to his country."

Turkey's foreign ministry called Atilla's case "an entirely feigned process which is inconsistent with the principle of fair trial."