Info:
Reuters reported in November 2017: “Zarrab said he had learned from Zafer Caglayan, who was Turkey’s economy minister, that Erdogan and then-treasury minister Ali Babacan had authorized two Turkish banks, Ziraat Bank and VakifBank, to move funds for Iran.”;
Ziraat Bankasi (officially TC Ziraat Bankasi AS) lists an office located in Tehran;
“Accusations that three Turkish state banks violated US sanctions by facilitating illegal money transfers have made it to the agenda of Parliament, according to a report in the Taraf daily on Thursday. Last month the US Federal Reserve (Fed) requested that the state-run Ziraat Bankası provide a detailed audit revealing whether or not the bank had conducted illegal money transfers from firms blacklisted by the US to countries such as Iran and Sudan, in violation of US sanctions. The Fed reached an agreement with Ziraat on July 1 stipulating that the financial institution would issue such a report within 60 days.” (Today’s Zaman, “Ziraat Bankasi money laundering issue reaches Parliament agenda”, 8/7/14);
Industry:
Finance and Insurance
Also Known As:
Ziraat Bankasi
Türkiye Cumhuriyeti Ziraat Bankası
Agricultural Bank of the Republic of Turkey
T.C. Ziraat Bankası A.Ş.
Country:
Turkey
Address:
Ulus, Cankaya, Ankara
Website:
www.ziraat.com.tr
E-mail:
nicro@ziraat.com.tr
Person of interests:
Muharrem Karslı (Chairman)
Huseyin Aydın (CEO)
Reason for the color:
» Erdogan helped Turks evade Iran sanctions;
» Ziraat Bank lists an office located in Tehran;