UPDATE 2-Industrial Bank of Korea settles U.S., NY criminal probes over $1 bln Iran transfer
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.
, 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.
Posted by Reuters
