Société Générale Pays $1.4 Billion for Systemic Sanctions Violations - Corruption, Crime & Compliance

Société Générale Pays $1.4 Billion for Systemic Sanctions Violations - Corruption, Crime & Compliance: Société Générale (“SocGen”) entered into two deferred prosecution agreements (“DPA”) (here) and agreed to pay $1.34 billion in penalties (here): $717 million to the Justice Department; $325 million to New York’s Department of Financial Services “DFS”); $163 million to the Manhattan District Attorney’s Office; $81 million to the U.S. Federal Reserve; and $54 million to the U.S Treasury’s Office of Foreign Assets Control (“OFAC”).  The...

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