RBS fined $100m by US for Iran sanction violations

IFAonline
12 December 2013

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Royal Bank of Scotland has been fined $100m (£61m) by US regulators for violating US sanctions against Iran, Sudan, Burma, and Cuba.

The settlement follows from a 2010 internal investigation by RBS into its historical US dollar payment processes and controls, according to the BBC. The violations took place between 2005-09, the US...

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