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William Byrnes (Texas A&M) tax & compliance articles

Posts Tagged ‘Commerzbank’

Commerzbank Admits to Sanctions and Money Laundering Violations, Will Pay $1.45 Billion Penalties! 

Posted by William Byrnes on March 17, 2015


“If for whatever reason CB New York inquires why our turnover has increase[d] so dramatically, under no circumstances may anyone mention that there is a connection to the clearing of Iranian banks!!!!!!!!!!!!!.”  Why did Commerzbank get off with only $1.45 billion in penalties when BNP paid nearly $9 billion for very similar conduct?  See International Financial Law Prof Blog

 

 

 

Posted in Compliance, Financial Crimes | Tagged: , | Leave a Comment »

 
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