06.11.2026 06:20
The Banking Regulation and Supervision Agency (BDDK) has decided to revoke the operating license of Golden Global Investment Bank Inc. The decision regarding the bank was announced to the public by being published in the Official Gazette.
In line with the decision taken by the Banking Regulation and Supervision Agency (BDDK), the operating license of Golden Global Investment Bank Inc. was revoked. The decision taken at the Board's meeting held on November 4, 2026, was published in the Official Gazette dated November 6, 2026.
BASED ON ARTICLE 71 OF THE BANKING LAW
In the decision, it was stated that the legal basis for the revocation of the bank's operating license was subparagraph (c) of the first paragraph of Article 71 of Banking Law No. 5411.
The published BDDK decision included the following statements: "At the Board's meeting dated November 4, 2026, it was decided to revoke the operating license of Golden Global Investment Bank Inc. within the framework of subparagraph (c) of the first paragraph of Article 71 of Banking Law No. 5411."
HAD BEEN TRANSFERRED TO THE TMSF
The institution in question had been transferred to the Savings Deposit Insurance Fund (TMSF) by the BDDK's decision dated September 16, 2026. With the latest decision, the bank's operating rights in the financial sector were completely terminated.
WAS ON THE US SANCTIONS LIST
Golden Global Investment Bank had been blacklisted by the Office of Foreign Assets Control of the US Department of the Treasury on September 4, 2026. The US administration had accused the bank of transferring Iran's oil revenues to Turkey through China, converting these revenues into cash and gold, and providing financial intermediation for Iranian entities under sanctions.