By Andrew Chung in New York and John Kruzel in Washington US Supreme Court justices grappled with thorny questions of sovereign immunity as they weighed a bid by Turkey’s state-owned Halkbank to avoid money laundering charges for allegedly helping Iran evade sanctions. The nine justices heard arguments on Tuesday in Halkbank’s appeal of a lower…
AML, Banking, Compliance, North America, Regulatory, Sanctions
COURT CASE: Turkey owned Halkbank claims sovereign immunity from sanctions-related money laundering charges, US Supreme Court told

CASE: File photo of people walking by a branch of Halkbank in central Istanbul, Turkey. REUTERS/Huseyin Aldemir