State Street to Pay $7.5 Million to Settle Allegations of Russia-Related Sanctions Violations

Reported by Mengqi Sun State Street has agreed to pay about $7.5 million to settle allegations a subsidiary of the financial-services firm received payments and redacted invoices from two Russian entities that faced U.S. sanctions restrictions.  The subsidiary, Charles River Development, a financial technology company specializing in software for communicating trading information, allegedly altered the […]