OFAC recently announced its largest sanctions policy ever…$536 million. Credit Suisse AG, a Switzerland-based bank agreed to the momentous fine after processing 5,000 electronic funds transfers (EFTs) on behalf of banks and individuals in Cuba, Iran, Sudan, and Burma among other countries. (more…)
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Credit Suisse Gets $536 Million Fine
Friday, February 19th, 2010 by Danielle McClellanPosted in Burma/Myanmar, Cuba, Denied & Restricted Parties, Export License, Finance & Banking, Iran, OFAC, Sanctions, Sudan, Violations & Fines, Violations & Fines | Comments Off


