The Turkish Treasury Ministry said that it reviewed the financial activities of a company whose shareholders the United States imposed sanctions on because it was accused of “providing aid to the Islamic Resistance Movement (Hamas).” The Ministry concluded that this company did not exploit Türkiye’s financial system.
The Ministry said – in a statement – that the Turkish financial system operates in absolute compliance with national laws and international obligations, and is monitored by many regulatory and supervisory authorities.
On October 27, the United States issued sanctions targeting the Hamas movement, and among those targeted were 3 shareholders of the Turkish real estate investment company “Trend Geo,” including its president and a member of its board of directors.
At the time, Trend Geo denied providing financial support to Hamas.
The ministry added, “The authorities have carefully reviewed the financial activities and status of all real and legal persons involved to ensure that there is no abuse of our country’s financial system.”
The statement said that the officials shared these findings with their American counterparts, including Treasury Undersecretary Brian Nelson and his team during their recent visit to Ankara, and were not provided with any evidence refuting their findings.
Nelson told reporters in Istanbul last November that although Turkey does not classify Hamas as a terrorist group, the entities targeted by the United States cannot violate Turkish domestic law, including money laundering and direct financing of violence.
