×
Menu
Search

In The News

Home > BSA/AML & Consumer Protection > Industrial Bank of Korea settles U.S., New York criminal probes over $1 billion Iran transfer
Apr24 - 20

Industrial Bank of Korea settles U.S., New York criminal probes over $1 billion Iran transfer

NEW YORK (Reuters) – Industrial Bank of Korea, one of South Korea’s largest banks, will pay $86 million to settle U.S. and New York state criminal and civil charges it allowed an illegal transfer of more than $1 billion to Iran that violated U.S. sanctions. Authorities said on Monday that IBK entered a two-year deferred prosecution agreement with the U.S. Department of Justice and a nonprosecution agreement with New York Attorney General Letitia James. Read the complete article HERE.

Categories

Archives

Events

March 12 - 13, 2024
New York City, New York

Find more information on the conference here.

May 29 - 31, 2024
Austin, TX

Find out more information about the event here.

contact us

Please fill out all fields marked with* and submit the following form to
request your consultation.

Contact Us Today

Please fill out all fields marked with * and submit the following form to request your consultation.

  • This field is for validation purposes and should be left unchanged.