OFAC agrees $611m settlement with 3 UniCredit Group Banks

OFAC has announced 3 settlement agreements totalling $611m with 3 UniCredit Group Banks: UniCredit Bank AG in Germany, UniCredit Bank Austria AG and UniCredit S.p.A in Italy, as part of a $1.3bn settlement with federal and state government partners. This resolves OFAC investigations into violations of US sanctions on Burma, Cuba, Iran, Libya, Sudan, Syria, and violations related to proliferation...

This content is for subscribers only

To continue reading please login or subscribe.

United StatesUnited States

About Maya Lester QC

Maya Lester QC

Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. The legal directories say she is the...

See profile for Maya Lester QC >