Turkey's Halkbank hires EY to review sanctions, anti-money-laundering compliance

NEW YORK, March 13 (Reuters) - Turkish state-run lender Halkbank HALKB.IS has hired Ernst & Young to review its compliance with U.S. sanctions and anti-money laundering policies, lawyers for the bank said in a court filing on Friday.

Hiring an expert to conduct the review was a condition of the bank's agreement with the U.S. Justice Department, announced this week, to end federal prosecutors' long-running criminal prosecution of the bank over allegations it helped Iran evade American economic sanctions.


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