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Commerzbank to pay $1.45 billion to resolve U.S. sanctions probe
March 12, 2015 / 4:07 PM / 3 years ago

Commerzbank to pay $1.45 billion to resolve U.S. sanctions probe

WASHINGTON, March 12 (Reuters) - Commerzbank AG has agreed to pay $1.45 billion to resolve a U.S. investigation of its dealings with Iran and other sanctioned countries, as well as a separate probe of its money laundering controls, U.S. authorities said on Thursday.

Germany’s second-largest lender said on Feb. 12 that it had set aside 1.4 billion euros ($1.49 billion) for legal costs, related in part to the U.S. probes. (Reporting by Lindsay Dunsmuir; Editing by Emily Stephenson)

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