Turkey’s BDDK banking watchdog revoked the operating license of Iranian lender Mellat Bank’s branch in Istanbul, according to a notice Earlier this month, the US Treasury Department imposed sanctions on a small Turkish investment bank and two subsidiaries. Key points and original sources are listed below.

• Turkey’s BDDK banking watchdog revoked the operating license of Iranian lender Mellat Bank’s branch in Istanbul, according to a noticeS1

• Earlier this month, the US Treasury Department imposed sanctions on a small Turkish investment bank and two subsidiaries.S2