Рейтинг@Mail.ru
Pravda.ru

News » Business

USA to fine German bank $500 million

08.07.2014 | Source:

Pravda.Ru

 

 

USA to fine German bank $500 million. 53122.jpeg

German Commerzbank may face the fine of $500 million. U.S. authorities suspect that the bank used its American branches to make sanctioned wire transfers from Iran and Sudan.

According to sources of the New York Times, the bank was offered to enter into an agreement, under which the U.S. federal government would refuse from prosecution in exchange to large financial payments to the treasury. Negotiations with Commerzbank are underway; the agreement can be concluded already this summer.

Experts note that the case of Commerzbank is like to be come an "exercise" before lodging similar claims against Germany's largest bank Deutsche Bank. It was reported that U.S. authorities suspected the bank of conducting prohibited transactions with Iran, Syria and Sudan.

Last week, French bank BNP Paribas admitted to violating sanctions against Sudan, Iran and Cuba. The bank pleaded guilty and agreed to pay the fine of $9 billion for illegal services.

 

follow us in feedly



Popular photos


Most popular

Germany declines, loses European identity for the sake of Islam
Germany declines, loses European identity for the sake of Islam
Islam has become a part of Germany. The share of Muslims in the country has been increasing. The Christian majority of Germany is indifferently watching the Muslim minority promoting its values...
What will Putin say at the UN?
What will Putin say at the UN?
On September 2, Russia chairs the UN Security Council to supervise the work of the body for a whole month
Система Orphus