banner622
banner595

U.S. fines Credit Agricole 800 million dollars for sanction violation

Nafiz Albayrak / New York, Oct 21 () - United States has fined the French bank Credit Agricole 800 million dollars, charged of breaking U.S. sanctions to Iran and other countries. The Credit Agricole stands accused of transferring billions of dollars to...

U.S. fines Credit Agricole 800 million dollars for sanction violation

Nafiz Albayrak / New York, Oct 21 () - United States has fined the French bank Credit Agricole 800 million dollars, charged of breaking U.S. sanctions to Iran and other countries. The Credit Agricole stands accused of transferring billions of dollars to...

21 Ekim 2015 Çarşamba 14:49
U.S. fines Credit Agricole 800 million dollars for sanction violation
banner566

Nafiz Albayrak / New York, Oct 21 () - United States has fined the French bank Credit Agricole 800 million dollars, charged of breaking U.S. sanctions to Iran and other countries.

The Credit Agricole stands accused of transferring billions of dollars to accounts held by entities from those same countries between 2003 and 2008.

The settlement is expected to be announced later this week.

A lengthy investigation of European banks by U.S. authorities into alledged illegal dollar transactions has been resumed.

The bank is paying the fine as part of a so-called deferred prosecution agreement.

The agreement means the bank will not have to plead guilty to any charges as long as it meets certain requirements.

It is understood that some of the bankers responsible for the wrongdoing have already been dismissed from their jobs at the bank.

In August, Credit Agricole has set aside 350 million dollars in provisions, saying it was at an "advanced stage" in discussions over the alleged sanctions violations and was expected to reach a settlement in Autumn 2015.

RBS also fined by U.S. in 2013

In 2013, Royal Bank of Scotland (RBS) was also fined 100 million dollars by U.S. regulators, for violating sanctions against Iran, Sudan, Burma and Cuba.

Rival French bank BNP Paribas was ordered to pay a record 8.9 billion dollars fine earlier this year for similar alleged violations.

Other European banks including Deutsche Bank, Societe Generale and UniCredit have already said they are co-operating with U.S. investigations into alleged sanctions violations.

 

Yorumlar
Avatar
Adınız
Yorum Gönder
Kalan Karakter:
Yorumunuz onaylanmak üzere yöneticiye iletilmiştir.×
<strong>Dikkat!</strong> Suç teşkil edecek, yasadışı, tehditkar, rahatsız edici, hakaret ve küfür içeren, aşağılayıcı, küçük düşürücü, kaba, müstehcen, ahlaka aykırı, kişilik haklarına zarar verici ya da benzeri niteliklerde içeriklerden doğan her türlü mali, hukuki, cezai, idari sorumluluk içeriği gönderen Üye/Üyeler’e aittir.

banner591