US charges against Mehmet Atilla for sanctions evasion

US prosecutors have charged Mehmet Atilla, an executive at a state-owned Turkish bank, with conspiring to evade US sanctions on Iran. He is alleged to have conspired with several others, including Turkish businessman Reza Zarrab who was arrested as part of the same investigation in March 2016 (see previous blog) and is due to stand trial in October 2017. Mr Atilla is said to have worked with Mr Zarrab to conceal transfers of currency and gold to Iran from 2010 to 2015, including through the use of fraudulent documents to make the transactions appear as though they involved food that qualified for a humanitarian exemption to US sanctions. In the US Department of Justice’s press release, Acting US Attorney Joon Kim stated that the transactions “illegally funnelled millions of dollars to Iran”.

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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