Two subsidiaries of French bank Crédit Agricole’s corporate and investment banking arm have agreed to pay more than $1.12m in civil penalties to settle alleged violations of US sanctions, the Treasury Department said on 26 September.

CA Indosuez Switzerland, a Switzerland-based indirect subsidiary of Crédit Agricole Corporate and Investment Bank, has agreed to pay $720,258 for allegedly violating sanctions against Cuba, Iran, Sudan and Syria as well sanctions related to the annexation of Ukraine’s Crimea region, according to the Treasury’s Office of Foreign Assets Control.