job  job  


US Fines French Bank

US officials fined Societe Generale US $1.3 billion after charging the French bank with violating US sanctions on Cuba, Iran and other countries in a criminal settlement unveiled on Monday.
The financial penalty is the second largest ever on a financial institution for violating US sanctions, said the US Department of Justice, which was joined in the action by the Federal Reserve, US Treasury Department and New York authorities.

“Today, Societe Generale has admitted its willful violations of US sanctions laws – and longtime concealment of those violations – which resulted in billions of dollars of illicit funds flowing through the US financial system,” said Geoffrey Berman, US Attorney for the Southern District of New York, outlining terms of a three-year probation period for the French bank under a deferred prosecution agreement, AFP reported. ادامه نوشته