us-sanctions 08 June 2020

Korean bank pays $86m for alleged US sanctions violations

LOG IN OR SUBSCRIBE TO READ THIS ARTICLE
South Korean lender Industrial Bank of Korea (‘IBK’) has agreed to pay $86 million in fines to Federal and US authorities to settle a probe into dollar transfers to Iran made by its New York branch (‘IBKNY’), that allegedly violated…

Continue Reading

Login or subscribe to WorldECR to continue reading this article

SUBSCRIBE Now Login