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Bob Appleton Quoted in Law360 Article on the $1.45 Billion Fine Imposed on Commerzbank for Failures in Anti-Money Laundering Controls

Publisher: Law360
March 12, 2015

Bob Appleton was prominently quoted in a Law360 article today on the Commerzbank Money Laundering fine in "Lawsky Flexes Muscle Again In $1.45B Commerzbank Deal." The article highlighted the New York Department of Financial Services' heavy push to require Commerzbank AG executives to be fired as part of a broader $1.45 billion sanctions violation and money laundering settlement with New York state and US federal regulators. Appleton expressed that these types of penalties draw the attention of foreign financial institutions and confirm the reach of the US law enforcement in addressing the activities of foreign banks that violate US Sanctions, including Iran prohibitions.


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