Deutsche Boerse To Talk Iran Sanctions Deal With US

Law360, New York (January 9, 2013, 3:12 PM EST) -- Deutsche Boerse AG said Wednesday that its Clearstream Banking SA unit would discuss a possible settlement with the U.S. Office of Foreign Assets Control, which is investigating whether Clearstream violated U.S. sanctions on Iran and could fine the company $340 million.

German stock exchange operator Deutsche Boerse said OFAC, which falls under the U.S. Department of the Treasury, is conducting a probe into the possibility that certain Clearstream securities transfers ran afoul of U.S. sanctions against Iran. The company added, however, that OFAC has offered to...
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