Halkbank has announced the complete dismissal of criminal charges brought against it in a US court. The US Southern District Court of New York approved a joint request to drop the case, bringing an end to a nine-year legal dispute. The charges revolved around allegations of violating US sanctions against Iran. Halkbank had consistently maintained its innocence throughout the proceedings. This resolution avoids a potentially significant financial penalty and reputational damage for the Turkish state-owned bank. The bank stated it welcomes the decision and anticipates a positive impact on its international operations. The dismissal signifies a major victory for Halkbank in the US legal system.