Global Investigations Review - The law and practice of international investigations

Société Générale remedied self-report failure in $1.34 billion sanctions probe with “voluminous evidence”

By Emily Casswell

20 November 2018

Société Générale remedied self-report failure in $1.34 billion sanctions probe with “voluminous evidence” Bank headquarters in Paris iStock.com/AdrianHancu

Société Générale executives and global compliance managers were aware that the bank was conducting transactions in Cuba that violated US sanctions for a decade before Société Générale self-reported to US authorities.