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:
And so it continues... RBS agrees to pay a 100 m dollar fines in US sanctions probe.....
Reuters says RBS fined over sanctions relating to Iran, Burma, Sudan and Cuba
RBS says fine relates to controls on dollar payments in the UK that it flagged to American authorities in 2010
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.