The U.S. Department of Justice (DOJ) has announced that a Paris based bank has agreed to forfeit $312 million and enter into a deferred prosecution agreement with the U.S. Attorney’s Office of the District of Columbia for their violations of the International Emergency Economic Powers Act (IEEPA) and the Trading With the Enemy Act (TWEA). The bank has also entered into settlement agreements with the Treasury Department’s Office of Foreign Assets Control (OFAC), the Board of Governors of the Federal Reserve System, the New York County District Attorney’s Office and the New York State Department of Financial Services (DFS). In total, they will pay $787.3 million in criminal and civil financial penalties.
To real the entire DOJ Press Release please follow this link: $787M in Criminal and Financial Penalties
To real the entire DOJ Press Release please follow this link: $787M in Criminal and Financial Penalties
