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Some of Nine Banks Under Investigation to Face Prosecution Agreements: Manhattan D.A.
By Colby Adams
printInvestigations against at least nine foreign banks accused of violating U.S. sanctions will soon result in deferred prosecution agreements with some of the financial institutions, Manhattan's district attorney said Tuesday. Officials under Manhattan D.A. Robert Morgenthau first announced investigations into the nine unnamed banks in January during a press conference on a deferred prosecution agreement against London-based Lloyds TSB, which was fined $350 million for intentionally cleaning interbank transactions of data relating to blacklisted Iranian and Sudanese clients. In a sit-down interview Tuesday with Inform/moneylaundering.com, Morgenthau acknowledged that the investigations would soon result in deferred prosecution agreements but declined to...
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