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Turkey Revokes Operating License of Iran's Mellat Bank Amid US Economic Pressure Campaign
The move follows U.S. sanctions pressure on Iran and comes after Turkey’s banking watchdog said continued operation could threaten financial stability.
- On Saturday, the Banking Regulation and Supervision Agency revoked the operating license of Iranian lender Bank Mellat's Istanbul Turkey Central Branch, citing risks to depositors' rights and financial stability.
- Bank Mellat previously faced Western sanctions over Tehran's nuclear program, which were lifted in the 2015 deal before the United States reimposed them; the bank was designated among 25 entities linked to the Islamic Revolutionary Guard Corps .
- Earlier this month, The Treasury Department sanctioned Golden Global Yatirim Bankasi Anonim Sirketi , accusing the entity of facilitating transactions for the Islamic Revolutionary Guard Corps-Qods Force, which Golden Global Bank denied.
- Following discussions on complying with United States measures, Turkey and Oman decided to stop flights by Iranian airline Mahan Air to their countries, reflecting efforts to increase economic pressure on Tehran.
- The Official Gazette notice regarding Bank Mellat did not cite the United States measures, stating only that the decision was taken under Turkish banking law to protect the financial system.
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The Turkish Banking Regulatory and Control Authority cancelled the licence of the Iranian branch of the Bank of Melt in Istanbul, a step in the midst of increasing United States pressure on Tehran and its financial networks.
(Rome=Yonhap News) Correspondent Min Kyung-rak = Turkey has revoked the operating license of Bank Mellat, one of Iran's major private banks, AFP reported on the 19th (local time)...
·Seoul, Korea (the Republic of)
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CumhuriyetReposted by 
gazetepencere.com
gazetepencere.comThe Banking Regulation and Supervision Agency (BDDK) has decided to revoke the operating license of Bank Mellat's Istanbul Central Branch, which is on the US sanctions list.
·Istanbul, Türkiye
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ProtothemaReposted by 
Pentapostagma
PentapostagmaAnkara cites financial security reasons - The bank is in the target of US, European and British sanctions
·Marousi, Greece
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Total News Sources52
Leaning Left6Leaning Right5Center2Last UpdatedBias Distribution46% Left
Bias Distribution
- 46% of the sources lean Left
46% Left
L 46%
15%
R 39%
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