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FCPA Blog Daily News

Entries in Royal Bank of Scotland (9)

Tuesday
May102016

Panama Papers: RBS, NatWest disclose FCA inquiry

Two related UK banks said in separate U.S. securities filings that the UK's top financial regulator has asked for information about any relationship the banks had with the Panama law firm at the center of the Panama Papers leak or with any individuals named in media coverage about the story.

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Monday
Jul272015

SFO wins forfeiture for DOJ in Griffiths Energy case

The UK High Court upheld a forfeiture order sought by the Serious Fraud Office at the request of U.S. authorities against $6.8 million linked to the sale of shares in a Canadian energy company.

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Monday
Sep292014

WSJ: Money laundering probe could hold up Commerzbank sanctions settlement

Image courtesy of CommerzbankThe U.S. Attorney in Manhattan is investigating Germany's  Commerzbank AG for alleged violations of money-laundering laws, the Wall Street Journal reported Friday.

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Friday
Jul252014

Bank of America pays $16.6 million for violating drug trafficker sanctions

Bank of America Corp's banking unit agreed to pay $16.6 million to resolve allegations that it processed hundreds of transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department said Thursday.

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Wednesday
Jul092014

Sanctions probe now targets German banks

State and federal authorities have begun settlement talks with Commerzbank AG and Deutsche Bank over their alleged dealings with countries blacklisted by the United States.

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Tuesday
Jul012014

BNP admits guilt, fined $8.9 billion for U.S. sanctions violations

Jean-Laurent Bonnafé, Chief Executive Officer of BNP Paribas (Image courtesy of Euro Business Media via YouTube)French banking giant BNP Paribas agreed to plead guilty to criminal charges and pay an $8.9 billion penalty for transferring billions of dollars on behalf of blacklisted Sudan, Iran and Cuba, U.S. authorities said Monday.

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Monday
Mar102014

U.S. probes two French banks for possible sanctions, AML violations 

French banks Societe Generale and Credit Agricole are being investigated by U.S. authorities for alleged money laundering and economic sanction breaches involving Iran, Cuba and Sudan.

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Monday
Feb172014

BNP Paribas faces penalties for potential U.S. sanctions violations

BNP Paribas has set aside $1.1 billion for a potential settlement with federal and state government agencies that are investigating possible U.S. sanctions violations.

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Wednesday
Jan082014

RBS pleads guilty to manipulating LIBOR, false reporting

The Department of Justice (DOJ) Commodities Futures Trading Commission (CFTC) and Financial Services Authority (FSA) in the UK settled charges on Monday with the Royal Bank of Scotland (RBS) for manipulating the Japanese Yen London Interbank Offered Rate (LIBOR) and for felony wire fraud.

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