French bank lands multi-million dollar fine in United States for ‘reckless disregard’ of Syria sanctions - AML Intelligence
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French bank lands multi-million dollar fine in United States for ‘reckless disregard’ of Syria sanctions

A French bank has been handed a fine of US$8.6 million for doing business that violated American sanctions in the Middle East.

Union de Banques Arabes et Françaises (UBAF) was found to have provided services to both entities and individuals involved in the Syrian Civil War – ongoing since 2011.

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