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Judge Pauses Halkbank Case for Compliance Review

3/12/2026

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Story summary
  • A federal judge paused Halkbank's United States criminal case for 90 days to test compliance with a deal ending prosecution over Iran sanctions evasion.
  • The proposed agreement would require Halkbank to hire a monitor for compliance and bar transactions benefiting Iran.
  • United States prosecutors say the resolution aligns with United States interests, especially in diplomatic negotiations with Turkey.
  • No financial penalties are included in the deal.