Lloyds Fined $350m for Busting US Sanctions

Trade & Forfaiting Review
02.01.09

Larry Christensen discusses the $350m fine by US authorities against Lloyds Banking Group for faking records of banking transfers for Iranian and Sudanese customers to enable them to transfer cash into and out of the US, circumventing US sanctions.

Permission to reprint this article has been granted by Trade & Forfaiting Review; www.tfreview.com.  

Related Files
Trade & Forfaiting Review - 2.09
Related Links