The Biggest Problem is to Be Caught Deliberately Violating Sanctions

... transactions are made via U.S. financial institutions. The U.S. Department of Treasury fines various companies regardless of their sector and the amount of transactions conducted with persons/entities that have been sanctioned. The fines range from ten thousand to hundreds of millions, and given claims by other U.S. regulators, the fines can reach billions of dollars. Banks bear special risks. Over the last five years, the banking sector has been fined with greater frequency than other sectors, and the average fine has been higher, too. U.S. proceedings against BNP Paribas, Credit Agricol, and Commerzbank AG have made ...