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Halkbank Hit With U.S. Demand for Millions in Contempt Fines

  • Turkish state-owned bank is facing sanctions-evasion charges
  • Halkbank has refused to appear in case or answer charges
Updated on

Turkey’s Halkbank should pay millions of dollars in fines for its continued failure to respond to U.S. sanctions-evasions charges, federal prosecutors in New York said.

In a court filing Tuesday, the government asked a federal judge to impose a daily $1 million fine that would double each week the bank refuses to appear in the case.