Thursday, November 7, 2013

Reuters: Regulatory News: Deutsche Boerse settles Iran suit with U.S.

Reuters: Regulatory News
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Deutsche Boerse settles Iran suit with U.S.
Nov 7th 2013, 11:50

FRANKFURT | Thu Nov 7, 2013 6:50am EST

FRANKFURT Nov 7 (Reuters) - Deutsche Boerse agreed on Thursday to pay $152 million to settle allegations by the U.S. Office of Foreign Assets Control (OFAC) that the company's Clearstream unit may have violated U.S. economic sanctions tied to Iran.

The German exchange operator received an offer from the United States in October after OFAC closed the investigation.

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