Court conference in US case against Halkbank adjourned

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Gold slips on stronger dollar; safe haven demand remains strong amid Iran conflict Oil extends move higher on concerns over Strait of Hormuz; more supply coming? Wall Street slumps at the open as Middle East conflict widens Oil trading playbook: key levels to watch now FLASH SALE (South Africa Philippines Nigeria) FLASH SALE Court conference in US case against Halkbank adjourned By Stock Markets Published 03/03/2026, 06:10 AM Updated 03/03/2026, 10:13 AM Court conference in US case against Halkbank adjourned 0 HALKB -9.19% By Luc Cohen and Jonathan Stempel NEW YORK, March 3 - A court conference has been adjourned to March 11 from March 3 in the U.S. government’s criminal case accusing Turkish state-owned lender Halkbank of fraud, money laundering and conspiracy for allegedly helping Iran evade American economic sanctions, according to a filing in Manhattan federal court. The adjournment was at the parties’ request, the filing said. Halkbank’s case has long been a thorn in U.S.-Turkey relations, with Turkish President Tayyip Erdogan calling it an "unlawful, ugly" step. U.S. prosecutors originally charged Halkbank in 2019, during President Donald Trump’s first White House term. The case is unrelated to current tensions in the Middle East. Halkbank was accused of using money servicers and front companies in Iran, Turkey and the United Arab Emirates in its sanctions-evasion scheme. Prosecutors said the bank secretly transferred $20 billion of restricted funds, converted oil revenue into gold and cash to benefit Iranian interests and documented fake food shipments to justify transfers of oil proceeds. Halkbank pleaded not guilty to bank fraud, money laundering and conspiracy charges. In 2023, the U.S. Supreme Court temporarily voided the prosecution, despite agreeing that Congress’ desire to shield foreign countries and their instrumentalities from civil liability did not cover criminal cases. Instead, it ordered ...