Credit Suisse agrees $536 million sanctions OFAC settlement


WASHINGTON, DC – The US Treasury’s Office of Foreign Assets Control (OFAC) has announced a record $536 million settlement with Credit Suisse, after the Swiss bank violated OFAC’s rules in what the regulator called “egregious sanctions violations”. The joint resolution between the US Department of Justice and the New York County District Attorney’s Office is the largest in OFAC’s history.

Regulators said Credit Suisse had structured thousands of wire transfers to ensure the involvement of sanctio

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: