By Maya Lester KC & Michael O’Kane

SocGen expects €1.1bn penalty over US sanctions violations

French multinational bank Société Générale issued a statement last week that it had “entered into a phase of more active discussions” with US authorities with a view to reaching a resolution in the coming weeks over allegations that it had processed US dollar transactions for persons subject to US sanctions. In consequence, SocGen has allocated approximately €1.1 billion to the …

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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