On 26 September, OFAC announced a settlement with CA Indosuez Switzerland S.A. (CAIS), an indirect subsidiary of Credit Agricole Corporate and Investment Bank located in Switzerland that specialises in wealth management and corporate and investment banking; and with CFM Indosuez Wealth (CFM), another indirect subsidiary of Credit Agricole Corporate and Investment Bank located in Monaco that also specialises in wealth management and corporate and investment banking. The settlements are concerned with apparent violations of sanctions against Cuba, Ukraine-related, Iran, Sudan, and Syria. CAIS agreed to remit $720,258 to settle its potential civil liability and CFM agreed to remit $401,039 to settle its potential civil liability for apparent violations.
https://content.govdelivery.com/accounts/USTREAS/bulletins/32f09af
https://home.treasury.gov/system/files/126/20220926_CFM.pdf
https://home.treasury.gov/system/files/126/20220926_CAIS.pdf
https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20220926_33
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