The Clearstream unit of the Deutsche Borse (German Stock Exchange) is under criminal investigation for violating United States money laundering laws as well as sanctions against Iran. While there is no official prosecution, the inquiry is said to be progressing smoothly. The basis of the investigation is centered around the bank allegedly allowing hundreds of millions of dollars in transactions from countries that had sanctions placed on them by the United States between the mid-1990's to 2006, including Libya and Iran. Clearstream has stated that it would comply with the laws of all relevant jurisdictions.
Source: Chad Bray, The New York Times
-Ryan Woods
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