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Société Générale Settles Sanctions & AML Claims for $1.3B

November 29, 2018 by Eugene Grygo

French bank Société Générale will be paying $1.83 billion (€1.2 billion) in penalties to five U.S. authorities in major effort to resolve probes into allegations that the bank has violated economic sanctions and laundered money. Specifically, Société Générale, based in Paris, reached settlement agreements, from largest to smallest, of: $717.2 million to the U.S. Attorney’s… Read More >>

Filed Under: Securities Operations, Buy-Side, Data Management, Industry News, Middle-Office, Operational Risk, Ops Automation, Risk Management, Governance, Back-Office, Standards, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Compliance, Regulatory Reporting, Industry News Tagged With: AML, DANY, Frédéric Oudéa, sanctions, SDNY, settlement, Societe Generale, U.S. sanctions

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