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Commerzbank to pay US$1.45b in penalties

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COMMERZBANK AG and government lawyers gained federal court approval of a US$1.45 billion agreement to defer prosecuting the lender for violating US laws, including sanctions on doing business with Iran and Sudan.

Chicago

COMMERZBANK AG and government lawyers gained federal court approval of a US$1.45 billion agreement to defer prosecuting the lender for violating US laws, including sanctions on doing business with Iran and Sudan.

Under the accord, Germany's second-largest lender will pay...

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