US Treasury Sanctions Turkey-Based Firms Tied to Iran's Financial Sector
The US Treasury Department has imposed sanctions on three Turkey-based financial entities linked to Iran's financial sector. The designated entities, Golden Global Portföy Yönetimi A.Ş., Golden Global Varlık Kiralama A.Ş., and Golden Global Yatırım Bankası A.Ş. (Golden Global Investment Bank), share an address in Istanbul's Şişli district.
The three firms, part of the Golden Global banking network, were designated under Executive Order 13902, which targets sectors of the Iranian economy. The order gives the Treasury broad authority to target financial facilitators wherever they operate.
The oldest entity, Golden Global Investment Bank, was established in October 2019 and operates under the SWIFT/BIC code GOGYTRIS. The newest entity, Golden Global Portföy Yönetimi A.Ş., a portfolio management firm, was founded in January 2025.