Credit Suisse AG

HQ Country of Company:
Switzerland
Agency:
OFAC
Location of Sentencing:
Washington D.C.
Date:
Description:
Credit Suisse had standard procedures for using cover payments to avoid referencing parties subject to U.S. sanctions and omitting information, removing information, or providing incorrect information in payment messages in order to conceal the identities of U.S. sanctions targets — most notably Iran, Sudan, and Libya — in electronic funds transfer instructions executed  through the United States on behalf of its bank and non‐bank customers, and in securities transactions executed in the United States for a then‐designated Libyan state‐owned investment company and a bank located in Sudan.  
Fine:
Total Fine
$36,000,000 (OFAC) + $268,000,000 (Justice Department)
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$304,000,000.00
Source:
Treasury, “Enforcement Information For December 16, 2009.”
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