UniCredit To Pay $1.3B To End US Sanctions Investigations
Law360 (April 15, 2019, 1:30 PM EDT) -- U.S. and New York authorities said Monday that they've reached settlements totaling $1.3 billion with the UniCredit banking group to resolve investigations related to transactions processed allegedly in violation of sanctions against Iran, Cuba and other countries.
The settlements call for UniCredit SpA, which is Italy’s largest bank, and its German and Austrian subsidiaries, UniCredit Bank AG and UniCredit Bank Austria AG, to pay what will work out to roughly $660 million in fines to the U.S. Treasury Department, Federal Reserve and New York State Department of Financial Services, according to documents released by the regulators.
The U.S. Department of Justice...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!