Global Investigations Review - The law and practice of international investigations

UniCredit Bank ignored lawyers’ warnings about sanctions violations

By Michael Griffiths

17 April 2019

UniCredit Bank ignored lawyers’ warnings about sanctions violations
Unicredit tower Milan (Credit: iStock.com/claudio.arnese)

Italian Bank UniCredit and its subsidiaries could have avoided a $1.3 billion sanctions penalty by following advice from their own lawyers.