—❗// NEW: As part of Operation Economic Outcast, the U.S. Department of Treasury has imposed sanctions on the Turkey-based ‘Golden Global Bank’ and removed its access from the U.S. financial system

The Office of Foreign Assets Control (OFAC) designated Turkey-based financial institution Golden Global Yatirim Bankasi Anonim Sirketi (Golden Global Bank) and its subsidiaries.

The U.S. Department of Treasury alleges that the bank and its subsidiaries have facilitated tens of millions of dollars’ worth of transactions for the IRGC and provided the Iranian government with ‘correspondent banking access’ that allowed it to move funds internationally.