via bbc.co.uk
JP Morgan Chase has agreed with the US Treasury Department to pay $88.3m (£54.2m) to avoid liability for "apparent violations" of sanctions against Cuba, Sudan, Liberia and Iran.
The Treasury said such violations, which took place between March 2005 and March 2011, were "egregious".
These included processing 1,711 transfers totalling $178.5m to Cubans in contravention of US regulations.
No comments:
Post a Comment