Turkey Takes Control of 99.98% of Golden Global Bank After US Sanctions
- —TMSF received shareholder rights over 99.98% of Golden Global, without dividend rights
- —The US sanctioned the bank on September 4 over ties to the IRGC Quds Force
- —OFAC: the bank channeled Iran's oil revenue through China, cash and gold
- —Golden Global's assets total about $574.5 million; the bank was founded in 2019
Why it matters: Sanctions on a bank with crypto ties increase US pressure on Iran's financial channels and raise risks for counterparties.
Source: DiarioBitcoin
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