US fines Italian lender UniCredit $1.3 billion in sanctions probe

Author:

article author:

ID:

1555408655589929400

Tue, 2019-04-16 09:50

MILAN: Italian bank UniCredit will pay $1.3 billion (€1.5 billion) to settle charges by the US government that it violated sanctions against Iran and other countries.
UniCredit, which operates in several European countries, said Tuesday that its German subsidiary, UniCredit Bank, agreed to plead guilty in US federal court to sanctions violations involving Iran.