From Malay Mail · · 1m 10s
Turkiye revokes Iran's Bank Mellat licence amid US pressure
Turkiye revokes Iran's Bank Mellat licence as US pressures Tehran.
In brief
Turkiye revokes Iran's Bank Mellat licence as US pressures Tehran. Turkiye revoked Iran's Bank Mellat licence citing threats to financial stability under US pressure. Originally reported by Malay Mail.
Turkiye revokes Bank Mellat licence
Turkiye revoked Iran's Bank Mellat licence citing threats to financial system stability under article 71b of banking law.
“Turkiye has revoked the licence of Iran’s Bank Mellat, a semi-private financial entity that has been subject to Western sanctions for years”
US sanctions on Turkish bank
US imposed sanctions on a Turkish bank over alleged ties to Iran’s Islamic Revolutionary Guard Corps two weeks ago.
“US imposed sanctions on a Turkish bank over alleged ties to Iran’s Islamic Revolutionary Guard Corps (IRGC)”
Bank Mellat's sanctions history
Bank Mellat has faced US, EU, and UK sanctions for years over accusations of supporting Iran's nuclear program.
“Bank Mellat has been subjected to Western sanctions for years over accusations Tehran was pursuing an atomic weapon under the cover of a civil nuclear programme”
Iranian government ownership
Iranian government is the largest shareholder of Bank Mellat, which provides financial support to Iran’s government.
“The Iranian government is also the largest shareholder of the bank”
US Treasury action
US Treasury imposed sanctions on Turkiye’s Golden Global Bank over alleged ties to Revolutionary Guards on September 4.
“On September 4, the US Treasury Department imposed sanctions on Turkiye’s Golden Global Bank over its alleged ties to the Revolutionary Guards”
US economic D-Day warning
US Treasury Secretary Scott Bessent warned of harsh consequences for countries not joining US campaign against Iran.
“US Treasury Secretary Scott Bessent has said Washington was declaring an "economic D-Day" on Iran, warning of harsh consequences for countries that do not join the campaign”
Erdogan and Trump talks
Turkiye’s President Erdogan is reportedly to hold talks with US President Trump at UN General Assembly in New York.
“The move by Turkiye’s banking regulator comes just days before President Recep Tayyip Erdogan is reportedly due to hold talks with US President Donald Trump on the sidelines of the UN General Assembly which begins in New York on Tuesday”
In short
Turkiye revoked Iran's Bank Mellat licence citing threats to financial stability under US pressure.
