Societe General Cuba sanctions settlement

General

Société Générale Pays $1.4 Billion for Systemic Sanctions Violations

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