Reuters: U.S. reaches a deferred prosecution deal with Halkbank Turkey over Iran sanctions, imposing strict oversight after allegations of fraudulent trades and front companies

The scheme reportedly involved using gold trades, false food and medicine transactions, and a network of front companies to disguise illicit payments and bypass sanctions controls. Under the agreement, U.S. prosecutors will defer prosecution while the bank complies with strict conditions, including enhanced oversight, cooperation with authorities, and measures to strengthen its anti-money laundering and sanctions compliance framework…