U.S. Seeks 20-Year Prison Term for Turkish Banker in Sanctions Case

U.S. Seeks 20-Year Prison Term for Turkish Banker in Sanctions Case Photo The deputy general manager for international banking at the Turkish state bank Halkbank was convicted in January at a trial that depicted high-level corruption in Turkey. Credit Sedat Suna/European Pressphoto Agency United States prosecutors asked a judge in Manhattan on Wednesday to sentence a Turkish banker to about 20 years in prison for his conviction in January in a broad scheme to evade American sanctions against Iran.
The defendant, Mehmet Hakan Atilla, 47, the deputy general manager for international banking at Halkbank, a Turkish state bank, was convicted in January at a trial that depicted high-level corruption in Turkey and increased tensions between the Turkish government and the United States.
The government’s star witness, Reza Zarrab, a Turkish-Iranian gold trader, suggested in his testimony that Turkey’s president, Recep Tayyip Erdogan personally approved the sanctions-evasion scheme in 2012, when..

Trade War, Facebook, YouTube: Your Wednesday Evening Briefing

Trade War, Facebook, YouTube: Your Wednesday Evening Briefing (Want to get this briefing by email? Here’s the sign-up.)
Good evening. Here’s the latest.
Photo Credit Daniel Acker/Bloomberg 1. It looks a lot like a trade war.
Hours after the White House outlined $50 billion in tariffs on largely high-tech Chinese products, China announced its own tariffs on $50 billion worth of American goods.
China’s list focused on agricultural products that come from the Republican-dominated farm belt, where lawmakers might be expected to have some influence with President Trump. Above, harvesting soybeans in Illinois.
Administration officials say they see no reason to panic, and markets rose after an erratic day.
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Photo Credit Susannah George/Associated Press 2. The White House said that the U.S. would remain in Syria to continue the fight against the Islamic State — just a day after President Trump said “it’s time” to bring the 2,000 U.S. troops there home…