US Sanctions Turkish Bank Over Alleged IRGC Transfers
Washington placed Golden Global Bank on the OFAC list over alleged IRGC transfers, an action the bank denies, while a Telegram channel relays a claim that Iran says it targeted US warships.
According to an Al Jazeera report published 5 Sep 2026, the United States Treasury Department imposed sanctions on Golden Global Yatirim Bankasi Anonim Sirketi and its subsidiaries over alleged ties to Iran. Washington accused the bank of facilitating tens of millions of dollars worth of transactions for the Islamic Revolutionary Guard Corps Qods Force and providing the Iranian government with banking access to move its funds internationally.
The same report stated that the sanctions place the bank and its two subsidiaries on the US Office of Foreign Assets Control Specially Designated Nationals list, cutting off access to the US financial system. The report also stated that Washington alleged the bank was established for the purpose of enabling Iran's rahbar network, described as a shadow banking system, to transfer oil revenues from China to Turkey using gold and cash.
A post from the account Polymarket stated a 3 percent chance the US officially declares war on Iran by end of year. A Telegram post from the account Rerum Novarum Intel stated that Iran says it has targeted a US aircraft carrier and destroyer with ballistic missiles, claiming both were struck and forced to flee.
The Treasury allegation
The Al Jazeera report stated that Treasury Secretary Scott Bessent said in a statement published by the department on Friday, Financial institutions continue to find out the hard way that we are serious about Operation Economic Outcast. The report stated that Bessent said on Tuesday on the sidelines of a G20 summit that Washington would likely announce a bank sanction this week and another next week.
The same report stated that last week, the US took steps towards severing the UAE operations of Egypt's second largest bank from financial access after accusing it of processing transactions for companies linked to Iran's shadow banking system.
The bank denial
The Al Jazeera report stated that Golden Global Bank responded on Friday, saying it fulfilled all local and international banking compliance rules and would take legal action against the US imposed sanctions. According to the same report, the bank said there are no transactions conducted by Golden Global Bank that could substantiate the claims made by the US.
The report quoted the bank as saying, We will exercise all our rights of objection and legal recourse in the most effective manner and will take the necessary actions at the earliest against these allegations and the decision. The report also stated that the bank said individuals and entities named in the OFAC decision have never been and are not currently customers of Golden Global.
Washington envoy comment
The Al Jazeera report stated that US Ambassador to Turkiye Tom Barrack said on Saturday that it would be a mistake for Turkish officials to read the narrow measure as a judgement upon Turkiye. According to the same report, Barrack said on X, The health of the Turkish financial system is not in question, the conduct of one institution was.
A post from the account Reuters stated, US sanctions Turkish bank, two subsidiaries in latest pressure on Iran. A post from the account Polymarket stated, JUST IN: U.S. sanctions Turkish investment bank Golden Global over alleged ties to Iran's IRGC.
Parallel claims in circulation
A Telegram post from The Cradle Media stated, US sanctions Turkish bank over alleged IRGC transfers. The same post stated, The designation forms part of Washington's drive to asphyxiate Iran economically after failing to achieve its military objectives.
A Telegram post from the account Rerum Novarum Intel, dated 5 Sep 2026 by source reported metadata, stated that Iran says it has targeted a US aircraft carrier and destroyer with ballistic missiles, claiming both were struck and forced to flee. That passage relays an Iranian claim as reported by that channel. This article has not independently established whether any strike or damage occurred.
A Telegram post from the account Iran Military, dated 5 Sep 2026 by source reported metadata, stated, The people of Iran are under a lot of psychological pressure due to US attacks. The bank denied the US claims. The strike passage is presented only as a claim relayed by a Telegram channel.
Source records
The sources below were retrieved for this article. Reposts and mirrors may share the same reporting.
- https://t.me/IRIran_Military/10017
- https://t.me/rnintel/66125
- https://t.me/thecradlemedia/67400
- https://www.aljazeera.com/news/2026/9/5/us-imposes-sanctions-on-turkish-bank-prompting-legal-threat?traffic_source=rss
- https://x.com/Polymarket/status/2095591900057137619
- https://x.com/Polymarket/status/2096091954979418594
- https://x.com/Reuters/status/2095950134794223797
- https://t.me/IRIran_Military/10017
- https://t.me/rnintel/66125
- https://t.me/thecradlemedia/67400
- https://www.aljazeera.com/news/2026/9/5/us-imposes-sanctions-on-turkish-bank-prompting-legal-threat?traffic_source=rss
- https://x.com/Polymarket/status/2095591900057137619
- https://x.com/Polymarket/status/2096091954979418594
- https://x.com/Reuters/status/2095950134794223797