Source:
You are welcome.
You may be interested in the following article of mine. Subject: HSBC and Standard Chartered have become embroiled in allegations of a multimillion-pound scheme to launder money for Iran. Both banks are warned of secondary sanctions imposed by US.
穩定幣
(Stablecoin) Part 5
2026-04-22
https://xiaoshousha.blogspot.com/2026/04/stablecoin-part-5.html
Both HK and Turkey are caught in the crossfire of geopolitical shifts.
See below for what I have known about Turkey.
Give me credit if you use my articles as reference materials.
Thank you.
Press Release
US Department of the Treasury
Treasury Severs Iranian Regime’s Financial
Lifelines in Türkiye
September 4, 2026
https://home.treasury.gov/news/press-releases/sb0622
Key Points:
- Bank Provides Critical International Banking Access to the Regime. Today, as part of Operation Economic Outcast, the U.S. Department of the Treasury severed the Iranian regime’s critical financial lifelines in Türkiye. The Office of Foreign Assets Control (OFAC) designated Türkiye-based financial institution Golden Global Yatirim Bankasi Anonim Sirketi (Golden Global Bank) and its subsidiaries, which have facilitated tens of millions of dollars’ worth of transactions for the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and provide the Iranian regime with key correspondent banking access that allows it to move its funds internationally. This action is being taken pursuant to E.O. 13902, which targets certain sectors of the Iranian economy, including Iran’s financial sector.
- Because Iran is already subject to comprehensive U.S. sanctions, in order to generate revenue and transfer funds abroad, it relies on multi-jurisdictional shadow banking networks that often provide key access to U.S. dollar correspondent banking relationships. Iran uses these shadow banking networks to launder funds, procure weapons, and bankroll its regional terrorist proxy groups. These networks rely on financial institutions such as Golden Global Bank, and Operation Economic Outcast will continue to identify these banks and remove their access to the U.S. dollar.
- GOLDEN GLOBAL BANK. Türkiye-based Golden Global Yatirim Bankasi Anonim Sirketi was established for the purpose of enabling Iran’s rahbar network to transfer oil revenues from China to Turkey, where it could then be converted to cash and gold by rahbar money exchangers. Golden Global Bank has knowingly offered to provide correspondent banking services to Iranian financial institutions, enabling transactions through accounts controlled by the IRGC-QF and its proxies, including those of Turkish businessman Sitki Ayan and his companies, a network sanctioned by OFAC in 2022 for moving hundreds of millions of dollars related to IRGC-QF oil sales.
- Golden Global Bank is being designated pursuant to E.O. 13902 for operating in the financial sector of the Iranian economy and having knowingly engaged, on or after January 10, 2020, in a significant transaction for the sale, supply, or transfer to or from Iran of significant goods or services used in connection with the financial sector of the Iranian economy.
- Golden Global Bank controls two
Türkiye-based subsidiaries, Istanbul-based Golden Global Varlik
Kiralama Anonim Sirketi and Golden Global Portfoy Yonetimi Anonim Sirketi, both
of which are being designated today pursuant to E.O. 13902 for being owned or
controlled by, or having acted or purported to act for or on behalf of,
directly or indirectly, Golden Global Bank.
US sanctions Turkish bank as pressure on
Iran intensifies (6:09 minutes)
Al Jazeera English
2026-09-04
https://www.youtube.com/watch?v=AhmAFoBOXD4
The United States has sanctioned a Turkish bank as Washington intensifies economic pressure on Iran.
The US Treasury Department accused Golden Global and its subsidiaries of helping Iran transfer oil revenues from China to Turkey. The bank says it has complied with local and international banking rules.
The sanctions are part of the Trump administration’s so-called “Operation Economic Outcast”, aimed at increasing pressure on Iran’s economy.
But how effective can tougher sanctions be? Gulf State Analytics CEO Giorgio Cafiero says the measures could worsen conditions for ordinary Iranians without necessarily achieving Washington’s political objectives.
The discussion also examines how the escalating
conflict is changing security calculations across the Gulf. Gulf states are
expected to maintain ties with Washington, but some are increasingly looking to
diversify their defence and security relationships and become more autonomous
from the United States.
Musical Coda:
Üsküdar'a gider iken (Katibim) (2 minutes)
https://www.youtube.com/watch?v=SymcEAeYGOw&list=RDSymcEAeYGOw&start_radio=1
Learn this piece via TV broadcast
of a concert given by a Turkish band in HK.
Singanushiga
Ye'Erjiang Mahefushi &
Asiha'Er Maimaiti
The Sun Also Rises (Original
Soundtrack Album) (8:01 minutes)
https://www.youtube.com/watch?v=SyCrB_WCCj8&list=PL1F726D05A810C5E2
This
version was used in Chinese movie “The Sun Also Rises” (太陽照常升起),
released in Sept 2007 and directed by Jiang Wen（姜文）(1963-).
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