US Sanctions Turkish Bank, Firms, and Citizen Over Iran-Linked Activity

Treasury sanctions have targeted Istanbul-based Golden Global Bank and subsidiaries, Türkiye-based Noorzad Petrokimya and its director, and an additional Turkish citizen under Iran-related authorities. An account of OFAC’s October Iran package adds detail on the bank action and tighter Iran-licensing rules, including presumed denial; the bank denies wrongdoing. A reviewed profile lists Turkey-based Redin Exchange as sanctioned but establishes no distinct new action or underlying conduct.