Commerzbank Admits to Sanctions and Money Laundering Violations, Will Pay $1.45 Billion Penalties! 

“If for whatever reason CB New York inquires why our turnover has increase[d] so dramatically, under no circumstances may anyone mention that there is a connection to the clearing of Iranian banks!!!!!!!!!!!!!.”  Why did Commerzbank get off with only $1.45 billion in penalties when BNP paid nearly $9 billion for very similar conduct?  See International Financial […]

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