American lawmakers could ask corporations to pay additional sums for sanctions violations as part of an effort to compensate victims of militant groups included on the U.S. State Sponsors of Terrorism list.
European companies may be lining up at the gate to do business with Iran in the event of a sanctions rollback but don't expect the continent's banks to go rushing in anytime soon.
The U.S. Treasury Department Wednesday fined Branch Banking & Trust Co. more than $19,000 for breaking federal rules against transacting with blacklisted Sudanese nationals.
Bank of America, N.A. will pay a $16.5 million penalty for failing to freeze assets and reject transactions linked to sanctioned global drug traffickers, the U.S. Treasury Department said Wednesday.
The financial clearing subsidiary of Deutsche Börse AG will pay the U.S. Treasury Department's sanctions enforcer $152 million for holding money in New York-based accounts on behalf of Iran's central bank.
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