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NEWS: Crédit Agricole subsidiaries pay $1.2M to settle allegations of US sanctions violations

By Alisha Houlihan for AMLi

The United States (US) Treasury Department announced on Monday that two subsidiaries of French bank Crédit Agricole Group will pay more than $1.2M (€1.2M) in civil penalties.

CA Indosuez Switzerland SA, a Swiss-based indirect subsidiary of Credit Agricole and Corporate & Investment Bank has agreed to pay $720K (€743K) to settle allegations of alleged violations of US financial regulations, according to The Wall Street Journal. 

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