Treasury Severs Iranian Regime’s Financial Lifelines in Türkiye

Bank Provides Critical International Banking Access to the RegimeWASHINGTON—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. “Financial institutions continue to find out the hard way that we are serious about Operation Economic Outcast," said Secretary of the Treasury Scott Bessent.