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…

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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,...

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