EFG pays US$3.7m in US over Cuba, Kingpin, Russia sanctions breaches

Swiss private banking group EFG International AG will pay US$3,740,422 to the US Office of Foreign Assets Control (OFAC) for apparent violations of various US sanctions programmes between 2014 and 2023.

Swiss private banking group EFG International AG will pay US$3,740,422 to the US Office of Foreign Assets Control (OFAC) for apparent violations of various US sanctions programmes between 2014 and 2023.