U.S. Fines French Bank $800 Million

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French bank Credit AgricoleFrench bank Credit Agricole is set to pay $800 million for breaking U.S. sanctions against Iran and other countries.

The bank was accused of transferring billions of dollars into accounts associated with Iran, Sudan, Myanmar, and Cuba—all of which are officially off-limits.

Credit Agricole will pay out the fine to avoid pleading guilty. Read more at BBC News.

{CB Frommer-Matzav.com}

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