UniCredit S.p.A.
Approved Evidence
UniCredit Group banks paid approximately $1.3 billion to resolve U.S. sanctions violations
On 15 April 2019, the U.S. Department of Justice announced coordinated resolutions involving UniCredit S.p.A., Germany-based UniCredit Bank AG and Austria-based UniCredit Bank Austria. UniCredit Bank AG agreed to plead guilty to conspiring to violate U.S. sanctions law and defraud the United States; Bank Austria entered a non-prosecution agreement, while UniCredit S.p.A. entered regulatory settlements and undertook to ensure group obligations. Total group penalties were approximately $1.3 billion. The guilty plea belongs to the German subsidiary and is not misattributed here as a conviction of the Italian parent. Primary source: https://www.justice.gov/archives/opa/pr/unicredit-bank-ag-agrees-plead-guilty-illegally-processing-transactions-violation-iranian