mojeNovosti.com
UniCredit said in a statement that HVB "has been cooperating with investigations by the New York County District Attorney's Office, the U.S. Department of Justice and the U.S. Treasury Department's Office of Foreign Assets Control involving U.S.-sanctioned persons and companies."
The bank said HVB was on its own initiative conducting a broader review of its historic compliance with U.S. economic sanctions.
The statement did not mention a particular country but a person familiar with the situation said the investigation involved Iran sanctions.
"The investigation and review are ongoing, and it would be inappropriate to comment further at this time," UniCredit said in a statement.‪
(Reporting By Silvia Aloisi)
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