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-SOCIETE GENERALE REACHES AGREEMENTS WITH U.S. AUTHORITIES TO RESOLVE U.S. ECONOMIC SANCTIONS AND AML INVESTIGATIONS

Nov 20, 2018 - ENP Newswire

Societe Generale has reached settlement agreements with certain U.S. authorities, resolving their investigations relating to certain U.S. dollar transactions processed by Societe Generale involving countries, persons or entities that are the subject of U.S. economic sanctions and implicating New York State laws.

Societe Generale has agreed to pay penalties totaling approximately $ 1.3 billion (EUR1.2 billion) to the U.S. Authorities. This amount is entirely covered by the provision for dis...