Credit Agricole Corporate and Investment Bank (CA-CIB)

Parent Company:
Credit Agricole (France)
HQ Country of Company:
France
Agency:
OFAC & US District of Attorney District of Columbia & Federal Reserve
Location of Sentencing:
Washington D.C.
Date:
Description:
For a number of years, up to and including 2008, CA-CIB and certain of its predecessor banks, and CA-CIB’s subsidiary located in Switzerland, Crédit Agricole (Suisse) S.A. (“CAS”), and its predecessors — including Crédit Lyonnais (Suisse) S.A. (“CLS”) and Crédit Agricole Indosuez (Suisse) S.A. (“CAIS”) — processed thousands of transactions to or through U.S. financial institutions that involved countries and/or persons (individuals and entities) subject to the sanctions regulations administered by OFAC, including Iran.
Fine:
Total Fine
$329,593,585 (OFAC) + $156,000,000 (US Attorney) + $90,300,000 (Federal Reserve)
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$575,893,585.00
Source:
Treasury, “Enforcement Information for October 20, 2015.”
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