UniCredit’s HVB fined for helping weapons of mass destruction distributor

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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UniCredit’s HVB fined for helping weapons of mass destruction distributor

Jasper Cox
April 16, 2019 10:00 AM
HVB_PA_230x150
The logo and lettering of HypoVereinsbank is pictured in Munich, Germany, 29 November 2012. The Hypovereinsbank is allegedly involved in tax evasion: according to legal authorities, the bank cheated the revenuew office by almost 124 million euros. According to reports, more than 60 attorneys, tax investigators and police officers searched the headquarters of the HVB in Munich. Photo: Andreas Gebert | Andreas Gebert/DPA/PA Images

UniCredit has settled with US authorities and agreed to pay about $1.3bn for breaking US sanctions, but the Italian bank said this amount was fully covered by provisions.

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