Money Laundering Bulletin
Union de Banques Arabes et Françaises pays US$8.6m to settle US Syria sanctions violations case
A French bank specialising in trade finance between Europe,the Middle East, Africa and Asia has agreed to pay US$8,572,500
to settle its potentialcivil liability for breaching US sanctions on Syria on 127 occasions betweenAugust 2011 and April 2013.
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