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

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

See profile for Michael O'Kane >