Expedia settles with Treasury for violations of U.S. sanctions on Cuba

According to the settlement agreement, between April 2011 and October 2014, Expedia allegedly violated U.S. sanctions by assisting 2,221 people, some of whom were Cuban nationals, with travel or travel-related services for travel within Cuba or between Cuba and locations outside the United States.

Standard Chartered agrees to pay a USD1.1 billion fine for AML & Sanctions violations

On 9 April 2019, the London based global financial institution, Standard Chartered (the ‘Bank’) agreed with the UK and US regulators to pay a combined USD1.1 billion fine for failings in its Anti-Money Laundering (AML) controls and for violations of its obligations under the US sanctions regime.

By | 2019-05-31T01:21:15+00:00 |Financial, International|0 Comments