RBS fined $100m for violating US sanctions

Royal Bank of Scotland Group is to pay $100 million (£61 million) in fines to settle an investigation by US authorities into whether the bank violated sanctions laws against Iran, Sudan, Burma and Cuba.

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RBS to pay $100m (£61m) in US sanctions probe

Royal Bank of Scotland Group will pay $100 million (£61 million) to resolve US investigations into whether the bank violated sanctions laws against Iran, Sudan, Burma and Cuba, US authorities said.

ITV News Business Editor Laura Kuenssberg says:

The bank entered into agreements with the US Federal Reserve, the US Treasury Department and the New York State Department of Financial Services, Reuters reported.

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