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Source: Credit Agricole to Pay $787M to Settle US Sanctions Probe

France's Credit Agricole SA has agreed to pay the U.S. authorities $787 million to settle allegations that it illegally moved money through the U.S. financial system in violation of sanctions against Iran, Sudan, and other countries, according to a person familiar with the matter. Credit Agricole has already made provisions totaling 1.6 billion euros ($1.82 billion) against litigation costs after taking a further 350 million euro charge related to the U.S. investigation in its...

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