Société Générale and Crédit Agricole Under U.S. Investigation for Alleged Money Laundering in Iran, Cuba and Sudan

Wall Street Journal

French banks Société Générale SA and Crédit Agricole SA are under U.S. investigation for alleged money laundering and sanction breaches involving Iran, Cuba and Sudan, according to a person with direct knowledge of the matter, the latest case in a series of probes of European banks related to embargo violations. The banks are being investigated by the U.S. Treasury Department, the Justice Department, the Manhattan district attorney,...

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