Sullivan & Cromwell has advised Barclays on its $298m (£190m) settlement with US authorities after the bank was charged with violating economic sanctions in dealings with countries including Iran, Cuba and Libya, reports The National Law Journal.
The US Justice Department alleged that Barclays “knowingly and willfully” facilitated US dollar transactions “for a number of parties and countries” that are sanctioned by the US Government, with the allegations spanning from March 1995 to September 2006.
