US govt widens probe on European banks which dealt with Iran, Libya - report |
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Thu, 30 Aug 2007 08:08
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FRANKFURT (Thomson Financial) - US justice department officials and financial supervisory agencies have expanded their investigations into European banks which are suspected of violating the US sanctions against Iran, Libya, Cuba and Sudan, Financial Times Deutschland said, citing sources familiar with the situation.It said the banks have started their discussions with the US authorities regarding a possible solution to settle the case.The banks have signalled their willingness to pay fines as a possible solution, it said.The report did not name the banks under investigation.It said the US government started the investigations after Dutch bank ABN Amro Holdings NV agreed to pay fines two years ago for doing business with Iranian banks.It said that the US recently increased pressure on European banks to withdraw doing business with Iran.frederik.richter@thomson.comfr1/mog/ajbCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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