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U.S. Treasury Department (Photo: Mike Scarcella/ALM)

JPMorgan Chase & Co.’s nearly $5.3 million civil settlement quashing allegations that the bank handled dozens of payments benefiting Iranian and Cuban targets of U.S. sanctions in the airline industry suggests the U.S. Treasury Department won’t be lenient with banks that make sanctions-related missteps, several trade law and compliance experts said.

Phillip Bantz

Phillip Bantz is a reporter for Corporate Counsel. Follow him on Twitter @PhillipBantz.

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