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Entries in sanctions violations (16)

Tuesday
Sep272016

Weatherford pays SEC $140 million for accounting fraud

The Securities and Exchange Commission said Tuesday that oil services company Weatherford International paid a $140 million penalty to settle charges that it inflated earnings by using deceptive income tax accounting. 

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Wednesday
Nov042015

Deutsche Bank pays $258 million, fires six for U.S. sanctions offenses

Federal and New York authorities said Wednesday that Deutsche Bank will pay $258 million and fire six senior employees to resolve investigations into thousands of illegal transactions with customers in Iran, Libya, Syria, Myanmar, and Sudan.

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Tuesday
Oct202015

Crédit Agricole pays $787 million to resolve U.S. sanctions offenses

French bank Crédit Agricole will pay $787 million and hire an independent monitor after violating U.S. sanctions against Sudan, Iran, Myanmar, and Cuba between 2003 and 2008.

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Friday
Aug282015

Compliance department errors cost UBS $1.7 million in OFAC fines

Zurich-based UBS AG agreed to pay just over $1.7 million to resolve civil allegations that it processed 222 transactions for a client that apparently violated U.S. anti-terrorism sanctions.

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Monday
May042015

BNP trampled compliance officers, pays record $9 billion penalties for sanction offenses

Paris-based BNP Paribas S.A. was sentenced Friday for processing billions of dollars of transactions through the U.S. financial system on behalf of Sudanese, Iranian and Cuban entities subject to U.S. economic sanctions. 

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Friday
Mar272015

OFAC fines PayPal $7.7 million for 486 sanctions violations

PayPal will pay $7.7 million to settle charges by the U.S. Treasury Department's Office of Foreign Assets Control that it violated trade sanctions against Iran, Sudan, and Cuba.

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Thursday
Mar262015

Schlumberger unit pays record $232 million penalties for Iran and Sudan sanctions violations

Image courtesy of SchlumbergerThe DOJ and Commerce Department said Wednesday a unit of Paris-based Schlumberger Ltd. has agreed to plead guilty and pay a $232.7 million penalty for conspiracy to violate trade sanctions with Iran and Sudan.

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Wednesday
Feb182015

Swiss prosecutors raid HSBC offices in money laundering probe

Prosecutors in Switzerland searched the offices of HSBC's private bank in Geneva Wednesday as part of an investigation into money laundering.

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Monday
Feb092015

Judge rejects Fokker's ‘anemic’ $21 million sanctions penalty

A federal judge Thursday refused to approve a settlement of sanctions violations by a subsidiary of Dutch aerospace firm Fokker Technologies Holding.

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Monday
Dec082014

‘Merchant of Death’ co-conspirator jailed five years

Richard Ammer Chichakli, an associate of convicted international arms dealer Viktor Bout, was sentenced Thursday in Manhattan federal court to five years in prison.

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Tuesday
Nov182014

Run-amok compliance officers cost Bank of Tokyo Mitsubishi $315 million for sanctions report whitewash

The New York State Department of Financial Services (DFS) Tuesday levied $315 million in penalties against Bank of Tokyo Mitsubishi UFJ (BTMU) for misleading regulators regarding its transactions with Iran, Sudan, Myanmar, and other sanctioned entities.

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Thursday
Oct232014

Caldwell: ‘We fight overseas corruption to protect our national security’

At Duke's law school Thursday in Durham, North Carolina, Leslie Caldwell, the chief of the DOJ's criminal division, talked about international crime and enforcement. She covered the fight against cybercrime, kleptocrats and their assets, Libor rigging, sanctions offenses, human trafficking and child exploitation, and corruption.

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