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Entries in Sudan (32)


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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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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OFAC: Schlumberger ‘failed to effectively enforce its compliance program’

Image courtesy of SchlumbergerThe Treasury Department's Office of Foreign Assets Control won't impose more fines on Schlumberger for "knowingly and willfully" violating the Iran and Sudan sanctions.

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Compliance alert: OFAC issues report on blocked terrorist assets

Last week OFAC -- the Office of Foreign Assets Control -- issued its 23rd report to congress detailing blocked assets in the U.S. belonging to terrorist organizations and state sponsors of terrorism.

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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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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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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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Compliance fiasco: Commerzbank pays $1.45 billion for AML, sanctions, and fraud-related offenses

Commerzbank AG agreed to pay $1.45 billion for doing business with Iran and other sanctioned countries and its failure to have adequate money laundering controls, the DOJ and New York financial regulator said Thursday.

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Compliance officers take note: White House affirms anti-graft priorities

President Barack Obama issued a National Security Strategy Friday, the first one since 2010 and only the second from his administration.

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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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