Global Investigations Review - The law and practice of international investigations

UniCredit agrees to pay $1.3 billion to settle US sanctions probe

By Waithera Junghae

16 April 2019

UniCredit agrees to pay $1.3 billion to settle US sanctions probe Credit: iStock.com/Cineberg

UniCredit’s German subsidiary agreed to plead guilty to violating sanctions on countries including Iran, Cuba and Syria a week after Standard Chartered had its 2012 DPAs renewed to resolve similar allegations.