ANKARA/ISTANBUL—Six Turkish banks face billions of dollars of fines from U.S. authorities over alleged violations of sanctions with Iran, the Haberturk newspaper reported on Saturday, citing senior banking sources.
The report could not be verified by Reuters. Two senior Turkish economy officials told Reuters that Turkey has not received any notice from the United States about such penalties, adding that U.S. regulators would normally inform the finance ministry’s financial crimes investigation board.
