Turkish banker sentenced to 32 months for US Iran sanctions evasion

Halkbank.jpgOn 3 January 2018, Turkish banker Mehmet Hakan Atilla was found guilty of conspiracy to violate US sanctions against Iran. The scheme consisted of a money-laundering network facilitated by Turkish state bank Halkbank, which allowed Iran to gain access to international markets in contravention of US sanctions. Although nine defendants had been charged in the case, Mr Atilla was the only one that stood trial. Co-defendant Reza Zarrab, a Turkish-Iranian businessman, previously pleaded guilty and gave evidence in the trial against Mr Atilla (previous blog).

Yesterday (16 May 2018), the trial judge – District Judge Richard Berman – sentenced Mr Atilla to 32 months in prison. He held that the Halkbank executive appeared to have been following orders from the bank’s CEO, Suleyman Aslan, who is one of the seven defendants at large. He found that Mr Atilla was less culpable than his co-defendant Reza Zarrab, who has yet to be sentenced.  The criminal prosecutions against Mr Atilla and his co-defendants are separate from any penalty that may be imposed on Halkbank, which is expected to face a fine from OFAC.

This entry was posted in Iran, Turkey, USA by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

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