Financial Times FT.com

Banks braced for fines

By Stephanie Kirchgaessner in Washington

Published: August 29 2007 22:16 | Last updated: August 29 2007 22:16

When regulators in 2005 slapped ABN Amro with an $80m (€59m, £40m) penalty for violations of US sanctions against Libya and Iran, it sent seismic waves through the international banking system.

The reverberations are still being felt today.

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