Skadden represented Crédit Agricole CIB, and its parent, Crédit Agricole SA, in connection with the resolution of a seven-year investigation into Crédit Agricole CIB's compliance with U.S. economic sanctions laws between 2003 and 2008. The bank settled with the U.S. Attorney's Office for the District of Columbia, the district attorney for the county of New York, the New York Department of Financial Services, the Board of Governors of the Federal Reserve System and the Office of Foreign Assets Control. As part of the settlement, Crédit Agricole will pay a combined penalty of $787 million, enter into deferred prosecution agreements with the criminal authorities and undertake various remedial enhancements.

Skadden represents several other non-U.S. financial institutions in ongoing sanctions-related investigations and post-settlement remediation.

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