The US Treasury Departmentsanctioned Turkiye-based Golden Global Bank and two subsidiaries on Friday,accusing the financial institution of facilitating tens of millions of dollarsin transactions for Iran’s Islamic Revolutionary Guard Corps-Quds Force (IRGC-QF).
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— Treasury Department (@USTreasury) September 4, 2026“Financial institutionscontinue to find out the hard way that we are serious about Operation EconomicOutcast,” Treasury Secretary Scott Bessent said.
Last week, the US Treasury movedto cut Banque Misr UAE off from correspondent banking relationships with USfinancial institutions after the bank processed about $1.8 billion for 103companies allegedly linked to Iranian shadow banking networks between January2024 and June 2026.
Iran has previously condemnedthe expanded US sanctions campaign, with its Foreign Ministry characterizingthe measures as “state terrorism” and urging other countries not to enforcethem.
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