Credit Agricole Deferred Prosecution Agreement

Unicredit “in the Investigation of Iran Sanctions of the United States” On the independent consultant, or monitor, part of the agreement, the person will be engaged for at least one year to conduct “a full review of existing BSA/AML and sanctions ofac compliance programs, policies and procedures in the New York branch.” It has also responded to several requests and enquiries, implemented a prescription agreement and signed several renewals of the agreement. The New York County Attorney`s Office also announced today that CACIB has reached a separate agreement on adjourned lawsuits and that CACIB acknowledged in the statement of fact that it had violated New York State law by falsifying the records of New York financial institutions. “With this resolution and eight previous agreements, my office and our partners are sending a clear message that financial institutions must respect sanctions against rogue states,” said District Attorney Vance. “During our investigation, it was discovered that Credit Agricole subsidiaries were illegally transporting hundreds of millions of dollars across the United States on behalf of clients in Sudan, Iran, Cuba and Burma. This type of behaviour requires the Bank to be held accountable, and I would like to thank all of our partners for their efforts to protect our financial system. The banking group, which has nearly $1.7 trillion in assets and a presence in more than 30 countries, as part of a criminal prosecution agreement (DPA) with the U.S. Department of Justice, it will pay $787 million, fire one of its executives involved in illegal stripping of transfer details, and must arrest a monitor to verify compliance with the agreement and the health of its general anti-money laundering (AML) programs and sanctions screening programs. Other banks that have entered into agreements include Commerzbank AG, ING Bank NV, Barclays Plc, and Amsterdam-based Credit Suisse Group AG. All of our press releases are available at: Charlotte de Chavagnac – 33 (0)1 57 72 11 17 charlotte.dechavagnac@credit-agricole-sa.frOlivier Tassain – 33 (0)1 43 23 25 41 The agreement means that the Bank must not plead guilty as long as it meets certain requirements. The three-year deferred prosecution agreements allow the Paris-based bank to avoid criminal convictions if it meets its conditions. Credit Agricole Corporate and Investment Bank (CACIB), a corporate and investment bank of Crédit Agricole S.A.