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Credit Suisse scheme was "decades long"
December 16, 2009 / 12:04 AM / in 8 years

Credit Suisse scheme was "decades long"

WASHINGTON (Reuters) - Credit Suisse Group AG’s scheme to allow rogue players like Iran access to U.S. markets was “decades long,” U.S. Attorney General Eric Holder said on Wednesday after the bank agreed to pay a $536 million fine for breaking U.S. laws.

<p>A woman walks past a branch of a Credit Suisse bank in Zurich February 9, 2009. REUTERS/Christian Hartmann</p>

The U.S. government will be vigilant in pursuing other institutions and individuals engaging in similar conduct, Holder added.

The payment was the biggest-ever for a violation of U.S. sanctions.

The bank has entered a deferred prosecution agreement that ended a five-year investigation by U.S. authorities.

Reporting by Kim Dixon, Editing by Dan Grebler

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