By Maya Lester KC & Michael O’Kane

Intesa Sanpaolo SpA fined $235m for sanctions/AML violations

Italy’s largest retail bank, Intesa Sanpaolo SpA, has agreed to pay a $235million fine to the New York State Department of Financial Services for sanctions and anti-money laundering violations dating back a decade or more (press release here).  The bank is said to have failed to effectively operate its transaction monitoring system and processed numerous suspicious transactions involving shell companies…....

This content is for subscribers only

To continue reading please login or subscribe.

IranIran United StatesUnited States

About Michael O'Kane

For all site-related issues, including subscription and payment issues, please contact info@europeansanctions.com.
Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

See profile for Michael O'Kane >

Share this page on: