Turkish Halkbank reaches deferred prosecution agreement with the U.S. Department of Justice

2026-03-10 04:13:31

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Investing.com - According to a court document filed on Monday in the Manhattan Federal Court, Turkey’s state-owned bank Halkbank has reached a deferred prosecution agreement with the U.S. Department of Justice, bringing a long-standing criminal case against the Turkish state-owned bank to a close.

Under the terms of the agreement, Halkbank is required to hire an anti-money laundering and compliance expert. The agreement also prohibits the bank from engaging in any transactions that benefit Iran.

The U.S. Department of Justice stated that the agreement is in the best interest of the United States and reflects unusual national security and diplomatic considerations. The DOJ added that, for reasons of national security and foreign policy, the agreement strongly aligns with the public interest.

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