White-collar and foreign investigation attorneys are calling a new ruling from the U.S. Supreme Court on the Foreign Sovereign Immunities Act of 1976 a huge win for the Department of Justice, especially as the agency looks to use newly allocated resources in existing conflict zones. 

Using the FSIA, the Department of Justice sought to hold Turkiye Halk Bankasi A.S., AKA Halkbank, liable for conspiring to evade U. S. economic sanctions against Iran. Halkbank is 75% owned by the state-run Turkish Wealth Fund. And, while they were alleged to have turned $20 billion in Iranian oil and gas funds into gold to be used in terrorist actions around the world, the bank had argued such prosecution was limited by the law. 

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