By John Solomon
How the government's punishing of the exposure of official wrongdoing can linger for years
Independent voices from the TWT Communities
A British bank accused of scheming with the Iranian government to launder billions of dollars will be subject to two years of monitoring at its New York branch and will permanently install personnel to oversee and audit offshore monitoring as part of a $340 million settlement with financial regulators.
Amsterdam-based ING Bank N.V. agreed Tuesday to forfeit $619 million to the Justice Department and the New York County District Attorney´s Office for conspiring to illegally move billions of dollars through the U.S. financial system on behalf of sanctioned Cuban and Iranian entities.