Indosuez clients have used it to conduct over $1 million in commercial transactions using the US financial system.
The Swiss financial company Indosuez, in accordance with agreements reached with the US Treasury, will pay a fine of more than $720,000 for violating US sanctions against Russia. On Monday, September 26, according to the US Treasury.
According to the document, Indosuez, which is an “indirect subsidiary” of French financial group Credit Agricole, “agreed to pay $720,258.”
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This will allow it to avoid “potential liability for apparent violations of sanctions regimes related to Russia, Cuba, Iran, Sudan and Syria.”
The American finance department believes that Indosuez, in particular, carried out transactions in dollars on behalf of 17 clients “who are in jurisdictions against which sanctions apply.”
Some of these clients, according to the US Treasury, are in Russian-occupied Crimea.
As follows from the document, Indosuez clients carried out commercial transactions worth more than $ 1 million using the American financial system with its help.
The company also allowed them to buy US securities, the ministry said.
It should be noted that, according to journalist Rikard Jozwiak, the new package of EU sanctions against Russia will not include restrictions on oil prices.
We add that the head of foreign diplomacy of the European Union, Josep Borrell, said: the foreign ministers of the EU countries agreed to prepare new sanctions against Russia.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.