PayPal has agreed to pay $7.7 million to settle charges that it violated numerous sanctions programs against countries that include Iran, Cuba and Sudan, according to the U.S. Treasury Department. For several years up to and including 2013, PayPal is accused of failing to employ adequate screening technology and procedures to identify the potential involvement of […]

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 […]