Iran-related Designations; Issuance of Iran-related General License

Treasury Press Release: Treasury Severs Iranian Regime’s Financial Lifelines in Türkiye

Additions:

The following entities have been added to OFAC’s SDN List:

OFAC Program: [IRAN-EO13902]  Executive Order 13902

GOLDEN GLOBAL PORTFOY YONETIMI ANONIM SIRKETI (Latin: GOLDEN GLOBAL PORTFÖY YÖNETİMİ ANONİM ŞİRKETİ)

• Address: Astoria D:21, N: 127A Esentepe Mahallesi, Buyukdere Caddesi, Sisli, Istanbul, Turkey
• Website: https://goldenglobalportfoy.com.tr/
• Organization Established Date: 15 Jan 2025
• Organization Type: Financial and Insurance Activities
• Tax ID No.: 3961688364 (Turkey)
• Legal Entity Number: 789000J1YGZ3PLCXMQ38
• Registration Number: 1063899 (Turkey)
• Linked to: GOLDEN GLOBAL YATIRIM BANKASI ANONIM SIRKETI

Supplemental Information: Treasury designated this entity, a subsidiary of Golden Global Bank, for being owned or controlled by, or having acted or purported to act for or on behalf of, the bank. Treasury’s press release ties Golden Global Bank to a scheme enabling Iran’s “rahbar” network to move oil revenue earned from sales to China into Turkey, where it could then be converted to cash and gold by rahbar money exchangers.

GOLDEN GLOBAL VARLIK KIRALAMA ANONIM SIRKETI (Latin: GOLDEN GLOBAL VARLIK KİRALAMA ANONİM ŞİRKETİ)

• Address: Astoria Blok IC Kapi No 17, N: 127 B-17 Esentepe Mahallesi, Buyukdere Caddesi, Sisli, Istanbul, Turkey
• Website: https://goldenglobalvks.com.tr/
• Organization Established Date: 01 Aug 2022
• Organization Type: Financial and Insurance Activities
• Tax ID No.: 3961486674 (Turkey)
• Legal Entity Number: 789000S50A0J8E8FKE55
• Registration Number: 396200 (Turkey)
• Linked to: GOLDEN GLOBAL YATIRIM BANKASI ANONIM SIRKETI

Supplemental Information: Treasury designated this entity, a subsidiary of Golden Global Bank, for being owned or controlled by, or having acted or purported to act for or on behalf of, the bank. Treasury’s press release ties Golden Global Bank to a scheme enabling Iran’s “rahbar” network to move oil revenue earned from sales to China into Turkey, where it could then be converted to cash and gold by rahbar money exchangers.

GOLDEN GLOBAL YATIRIM BANKASI ANONIM SIRKETI (Latin: GOLDEN GLOBAL YATIRIM BANKASI ANONİM ŞİRKETİ)

• AKA: GOLDEN GLOBAL INVESTMENT BANK
• Address: N:127 B-17 Esentepe Mahallesi, Buyukdere Caddesi, Sisli, Istanbul 34394, Turkey
• SWIFT/BIC: GOGYTRIS
• Website: http://www.goldenglobalbank.com.tr
• Organization Established Date: 15 Oct 2019
• Target Type: Financial Institution
• Tax ID No.: 3961233191 (Turkey)
• Legal Entity Number: 789000LV7F75LALJ3F52
• Registration Number: 213202 (Turkey)

Supplemental Information: Treasury’s press release describes Golden Global Bank as a Turkish financial institution established to give Iran’s “rahbar” network of oil-revenue facilitators a route to convert oil proceeds from Chinese buyers into cash and gold once the funds reached Turkey. The bank knowingly offered correspondent banking services to Iranian financial institutions, letting transactions flow through accounts controlled by the IRGC-Qods Force and its proxies, including accounts tied to Turkish businessman Sitki Ayan and his companies – a network OFAC designated in 2022 for moving hundreds of millions of dollars connected to IRGC-Qods Force oil sales. Treasury says the bank facilitated tens of millions of dollars in transactions for the IRGC-Qods Force and gave the Iranian regime correspondent banking access it used to move funds internationally. The designation is part of Operation Economic Outcast, the sanctions campaign Secretary Bessent announced on August 24, 2026 to sever Iran’s remaining economic lifelines and that Treasury says will keep expanding secondary sanctions exposure for those still doing business with the regime.