Weekly Roundup: Citigroup Blocks Hong Kong Officials, Turkey’s Halkbank Challenges US Jurisdictional Claim, and More

Citigroup and Standard Chartered have taken steps towards blocking the accounts of 11 senior officials in Hong Kong following their blacklisting by the U.S. Treasury Department, Bloomberg reported. More Some of China's largest state-owned banks are also terminating or restricting relationships with the blacklisted Hong Kong officials to avoid breaching U.S. sanctions, Bloomberg reported. More Turkish state-owned lender Halkbank claimed immunity from U.S. jurisdiction as it fights federal charges of enabling widespread evasion of American sanctions on Iran, Reuters reported. More The U.S. Treasury Department's Office of Foreign Assets Control is expected to blacklist several Lebanese politicians suspected of links...