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Mashreq Bank reaches deal with US authorities, will pay $100m penalty
Mashreq Bank has reached a settlement with authorities in the US over dollar-related transactions that ‘primarily took place a decade ago’. As per this deal, Mashreq will pay a penalty of $100 million to the New York Department of Financial Services. It will then ensure that the UAE bank’s OFAC…
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Click here to read the full story: Gulf News