Commerzbank will pay fines as part of a global settlement with a number of US authorities in relation to an investigation of alleged breaches of US sanctions regulations relating to Iran, Sudan, Burma and Cuba, Commerzbank will pay:  – US$258.7m to the US Treasury’s Department of the Office of Foreign Assets Control (OFAC) to settle […]

RBS (the Bank) concealed the fact that it was doing business with Iran between 2005 and 2009. Royal Bank of Scotland has agreed a $100m (£61m) settlement with a trio of US regulators for violating sanctions against dealing with Iran, Sudan, Burma and Cuba. The bank yesterday (10 December) reached a settlement with the Board […]