Supreme Court Rules Criminal Charges Against Turkish Bank Halkbank Can Proceed, Sends Case Back to Lower Court

Halkbank, owned by the Turkish government, is not immune from criminal charges for violating US sanctions on Iran, according to the Supreme Court.
The Supreme Court ordered a federal appeals court to reconsider Halkbank's argument that common law protects it from prosecution.
The US government indicted Halkbank in 2019 for allegedly laundering billions of dollars for Iran, violating US sanctions.
Halkbank denies the charges and had claimed immunity as a foreign sovereign under US law.
The case has caused tension between the US and Turkey, where President Erdogan asked former President Trump to drop the investigation.