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...

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About Maya Lester QC

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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...

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