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                    "The Iranian lender has faced years of Western sanctions over alleged ties to Tehran\u2019s nuclear programme.Turkiye\u2019s banking watchdog has revoked the operating licence of Iranian lender Bank Mellat\u2019s branch in the Turkish city of Istanbul.\u201cIt has been decided to revoke the operating licence of Bank Mellat, Head Office in Tehran, Istanbul Turkey Central Branch,\u201d read the decision by the Banking Regulation and Supervision Agency (BDDK), published in the Official Gazette on Saturday.Recommended Stories list of 3 itemslist 1 of 3Trump says Denmark deal gives US security \u2018control\u2019 over Greenlandlist 2 of 3Trump signs sweeping Russia sanctions over Ukraine warlist 3 of 3Could US pull one-third of troops from Europe? What that would meanend of listThe regulator said the decision was taken under a clause of Turkiye\u2019s banking law allowing a bank\u2019s licence to be revoked or withdrawn if its continued operation is deemed to pose a risk to depositors\u2019 rights or to the security and stability of the financial system.Bank Mellat has been subject to Western sanctions for years over accusations that Tehran was pursuing a nuclear weapon under the cover of a civil nuclear programme.Those sanctions were lifted as part of a landmark 2015 deal between Tehran and world powers to curb Iran\u2019s nuclear ambitions. However, the United States unilaterally pulled out of the agreement in May 2018, reimposing economic sanctions on the country.Bank Mellat was hit by further US and Gulf sanctions in 2019 after being named as one of 25 entities linked to Iran\u2019s Islamic Revolutionary Guard Corps (IRGC).The Turkish notice did not cite the US measures or specify operational issues.Earlier this month, the US Treasury Department imposed sanctions on a small Turkish investment bank and two subsidiaries over alleged ties to Iran.The Treasury Department accused Golden Global Yatirim Bankasi Anonim Sirketi (Golden Global Bank) of facilitating \u201ctens of millions of dollars\u2019 worth of transactions for the Islamic Revolutionary Guard Corps-Qods Force\u201d and providing the Iranian government with banking access to move its funds internationally.Golden Global Bank has denied the accusations."
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