{"id":33320,"date":"2026-10-15T04:47:25","date_gmt":"2026-10-15T01:47:25","guid":{"rendered":"https:\/\/www.bicakhukuk.com\/?p=33320"},"modified":"2026-10-15T21:39:47","modified_gmt":"2026-10-15T18:39:47","slug":"iran-sanctions-2026-turkiye-risks","status":"publish","type":"post","link":"https:\/\/www.bicakhukuk.com\/en\/iran-sanctions-2026-turkiye-risks\/","title":{"rendered":"Iran Sanctions 2026: T\u00fcrkiye Risks"},"content":{"rendered":"

The International Sanctions and Export Control Society<\/a> (ISECS) successfully held its Wednesday Session, \u201cUpdate Iran Sanctions – Recent Changes and Compliance Implications<\/a>\u201d,<\/strong> on 14 October 2026, bringing together international sanctions, export controls, legal and compliance professionals to examine recent developments concerning Iran. <\/span>The webinar featured Dawson Law<\/strong><\/a>, Founder of Conseil Global Advisors<\/a> and a former U.S. Department of the Treasury and OFAC official, alongside Professor Dr. Vahit B\u0131\u00e7ak<\/strong><\/a>, Founder of B\u0131\u00e7ak Law Firm<\/a> and ISECS Ambassador for T\u00fcrkiye. <\/span>The session was moderated by Alexander Witt<\/strong><\/a> and attracted strong attendance and active audience participation, according to feedback shared by the organisers and speakers following the event.<\/span><\/p>\n

1. International Perspectives on an Evolving Sanctions Landscape<\/span><\/h3>\n

The webinar examined recent changes in Iran-related sanctions and their implications for international businesses, financial institutions and compliance professionals. <\/span>Bringing together experience in U.S. sanctions administration and cross-border legal practice, the session provided complementary perspectives on the challenges arising from increasingly complex international sanctions measures.<\/span><\/p>\n

Professor B\u0131\u00e7ak delivered a presentation entitled \u201cIran Sanctions in 2026: T\u00fcrkiye and the Third-Country Compliance Perspective\u201d.\u00a0 <\/strong><\/span>His presentation examined recent U.S. sanctions actions involving T\u00fcrkiye-based financial institutions, industrial suppliers, aviation companies and maritime transportation networks, together with their implications for businesses operating across multiple jurisdictions.\u00a0<\/span>A central proposition of his presentation was: <\/span>\u201cA transaction may be lawful under Turkish law and yet expose the parties to significant international sanctions risks.\u201d <\/strong><\/span><\/p>\n

Building on this distinction, Professor B\u0131\u00e7ak explained why sanctions compliance requires separate consideration of domestic legality, foreign sanctions exposure, access to international banking services and the practical feasibility of commercial transactions.<\/span><\/p>\n

His analysis included the September 2026 designation of Golden Global Bank, the subsequent Turkish banking regulatory measures, recent sanctions involving T\u00fcrkiye-based industrial and aviation businesses, and the October developments concerning maritime transportation and international payment networks.<\/span><\/p>\n

2. A Changing Sanctions Landscape: August-October 2026<\/span><\/h3>\n

The presentation began by examining the acceleration of U.S. sanctions measures during August, September and October 2026. <\/span>Under the initiative described by the U.S. Treasury as Operation Economic Outcast<\/strong><\/a>, recent actions have extended across petroleum and petrochemicals, financial services, aviation, automotive supply chains and maritime transportation.<\/span><\/p>\n

Several developments were particularly relevant:<\/span><\/p>\n