May 23, 2018 / 9:30 AM / 3 months ago

Turkey's Halkbank working closely with U.S. Treasury, CEO says

ISTANBUL (Reuters) - Turkey’s Halkbank is working closely with the United States Treasury, its chief executive Osman Arslan said on Wednesday, after one of bank’s executives was sentenced last week for aiding a scheme to violate U.S. sanctions on Iran.

In an interview with the broadcaster Bloomberg HT, Arslan said that the bank expects to emerge from the process with the U.S. Treasury without damage.

Reporting by Ebru Tuncay; Writing by Ezgi Erkoyun; Editing by Dominic Evans

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