News release: “The Federal Reserve Board on Wednesday announced the issuance of a consent Order to Cease and Desist against Credit Suisse AG, Zurich, Switzerland. The Order requires that Credit Suisse improve its program for compliance with U.S. economic sanctions requirements on a global basis. The Swiss Financial Markets Supervisory Authority, the home country supervisor of Credit Suisse, has agreed to assist the Federal Reserve in the implementation and supervision of the Order. In separate, coordinated actions, the U.S. Department of Justice and the District Attorney for New York County announced the execution of deferred prosecution agreements with Credit Suisse, and the Treasury Department’s Office of Foreign Assets Control announced a settlement for violations of its regulations. The settlement agreements all relate to U.S. dollar payments routed through banks in the United States that involved entities or persons subject to U.S. economic sanctions. In the settlements with the Department of Justice and the District Attorney, Credit Suisse has agreed to pay $268 million, each, to the United States and to New York, for a total of $536 million.”