OFAC announced settlement agreements with Crédit Agricole Corporate and Investment Bank (CACIB) and Banco do Brasil for apparent violations of US sanctions. CACIB agreed to pay a total of US$787.3 million in criminal and civil financial penalties, which included penalties assessed by multiple government authorities, in connection with thousands of apparent violations of US sanctions. Banco do Brasil agreed to a penalty of US$139,500 for seven apparent violations of US sanctions. OFAC also issued a Finding of Violation to BMO Harris Bank NA in connection with six funds transfers processed in violation of US sanctions. Finally, Deutsche Bank AG entered into settlement agreements with the New York State Department of Financial Services and the Board of Governors of the Federal Reserve System, agreeing to pay US$258 million for violations related to transactions with persons subject to US sanctions.
