Lloyds TSB pays US $350m after sanctions dodge

Lloyds TSB Bank has agreed to forfeit $350m (€260m) for helping customers skirt US sanctions on business transactions with Sudan, Iran and Libya.

Lloyds TSB pays US $350m after sanctions dodge
Sat, 10 Jan, 2009 - 08:46

Lloyds TSB Bank has agreed to forfeit $350m (€260m) for helping customers skirt US sanctions on business transactions with Sudan, Iran and Libya.

The London-based bank admitted responsibility for criminal conduct under a deferred prosecution deal filed yesterday in federal court in Washington.

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CourtsBusinessHeathrowPlace: USPlace: SudanPlace: LibyaPlace: IranPlace: LondonPlace: WashingtonPlace: New YorkPlace: EnglandPerson: Assistant Attorney GeneralPerson: Matthew FriedrichPerson: Robert MorganthauEvent: 2001Organisation: Lloyds TSBOrganisation: Lloyds TSB BankOrganisation: US Justice DepartmentOrganisation: LloydsOrganisation: Justice DepartmentOrganisation: USOrganisation: LLoyds BankOrganisation: Lloyds TSB Group
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