Deutsche Boerse Pays $152M To Settle Iran Sanctions Probe

Law360, New York (November 7, 2013, 12:28 PM EST) -- German stock exchange operator Deutsche Boerse AG said Thursday that its Clearstream Banking SA unit has paid $151.9 million to settle the U.S. Office of Foreign Assets Control investigation into whether it violated U.S. sanctions on Iran.

The deal would settle findings from a preliminary investigation, in which OFAC, an agency of the U.S. Department of the Treasury, found that Clearstream may have violated the sanctions in 2008 in connection with certain securities transfers within the bank's settlement system related to Clearstream’s 2007 decision to close...
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