Weekly Roundup: Commerzbank to Pay Over $1 Billion in Settlement, U.S. Lawmakers Approve Russia Sanctions Bill, and More

Commerzbank may pay more than $1 billion as part of a deferred prosecution agreement to resolve charges that the German institution violated U.S. anti-money laundering and sanctions laws, in part through transactions tied to blacklisted entities in Iran, Sudan and North Korea, the Financial Times reported Thursday, citing unnamed sources. The larger-than-expected settlement is near finalization, the newspaper said. More Legal challenges could undo at least 16 of the EU's 22 sanctions designations targeting former Ukraine President Viktor Yanukovich and his allies, The Wall Street Journal reported Thursday. The economic bloc is likely to rescind asset freezes against three blacklisted...