Geopolitics, the ghost factor over a possible fine against Halkbank

Source:Hurriyet Daily News Date:22May2018

Having said that, a lower prison term for Atilla does not mean that this would save Halkbank from a possible fine, which would be imposed by the Treasury Department’s Office of Foreign Assets Control (OFAC). Even if Atilla was sentenced to zero days, OFAC would have still obtained a legal basis under its mandate of administrating and enforcing sanctions with the confessions of Zarrab, who in fact pleaded guilty in the same case.