The case against a Turkish banker accused of taking part in a scheme to help steer Iranian money around American sanctions has raised questions about the reach of a U.S. statute that can be used to impose criminal penalties on foreigners acting abroad.

The charges against Mehmet Atilla, a former deputy CEO of Halkbank, a state-run bank in Turkey, include conspiracy to violate the International Emergency Economic Powers Act (IEEPA) in relation to a scheme to launder Iranian gas and oil proceeds through the gold trade.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]