UniCredit Bank

Italy’s top bank UniCredit SpA and two subsidiaries have agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran

Status:Risk Alert – Entity in a problematic sector - Sector controlled by the Top Alert entities

Risk Level:unknown %

Info:
Noted for conducting business with U.S. and Iranian designated-banks – (Avi Jorisch, “Iran’s dirty banking,” 2010);

Italy’s top bank UniCredit SpA and two subsidiaries have agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran;

In 2017, CalSTRS designated Unicredit SpA as “Under Review” for potentially having ties to Iran. In 2018, CalSTRS removed Unicredit SpA after reviewing the company’s business with Iran and internal controls to prevent sanction violations;

In 2017 the U.S. state of California listed Unicredit Spa as a company under review for reportedly providing banking services to Iran;

In 2017 the U.S. state of Michigan listed Unicredit on its Iran restricted companies list rendering Unicredit ineligible for investment and/or state contracting;

Industry:
Banking Sector

Also Known As:
UniCredit

Country:
Italy

Website:
www.bankaustria.at

E-mail:
info@bankaustria.at

Reason for the color:
» UniCredit Bank AG Agrees to Plead Guilty for Illegally Processing Transactions in Violation of Iranian Sanctions;
» Iran’s Dirty Banking – May 2010;