Mashreqbank PSC agrees to pay $100 million over US Sudan sanctions violations

12 November 2021

Mashreqbank PSC agrees to pay $100 million over US Sudan sanctions violationsTupungato/Shutterstock.com

UAE-headquartered Mashreqbank PSC has agreed to pay $100 million pursuant to a New York State Department of Financial Services (DFS) Consent Order, to resolve a US investigation into violations of the now-repealed Sudanese Sanctions...

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions...

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