Agricultural Bank of China: Sanctions with Chinese characteristics

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American regulators show a foreign bank uncharacteristic leniency

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Sanctions with Chinese characteristics

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Agricultural Bank of China

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Agricultural Bank of China



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THE fines paid to America’s financial regulators by errant bankers vary enormously these days: from sky-high to stratospheric. Deutsche Bank is fighting a demand for $14bn. BNP Paribas paid $9bn last year for facilitating the evasion of American sanctions. So eyebrows were raised at the final settlement disclosed this month between the state-controlled Agricultural Bank of China (ABC) and New York’s Department of Financial Services (DFS). The fine …

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