Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Crédit Agricole to Pay $787 Million for Sanctions Violations

Jaclyn Jaeger | October 21, 2015

Crédit Agricole Corporate and Investment Bank, a corporate and investment bank owned by Crédit Agricole, will pay $787.3 million in criminal and civil financial penalties for economic sanctions violations.

A one-count felony criminal information and a related civil forfeiture complaint were filed this week in federal court in the District of Columbia charging Crédit Agricole with knowingly and willfully conspiring to defraud the United States and to commit violations of the International Emergency Economic Powers Act (IEEPA) and the Trading With the Enemy Act (TWEA). Crédit Agricole has waived federal indictment, agreed to the filing of the information and civil forfeiture complaint, and has accepted responsibility for its criminal conduct and that of its employees.

Crédit Agricole will pay $156 million to the U.S. Attorney’s Office...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.