Société Générale (PC) (SCGLY) will pay a total penalty amount which is the second-largest imposed on a financial institution for violations of U.S. sanctions. From 2003 to 2013, the bank executed billions of dollars in illegal transactions to parties in countries subject to embargoes or otherwise sanctioned by the United States, including Iran, Sudan, Cuba and Libya, the authorities said. The bank agreed to pay $1.34 billion to settle investigations into its handling dollar transactions in violation of U.S. sanctions against Cuba and other countries. Additionally, the bank said it agreed to pay $95 million to settle another dispute over violations of anti-money laundering regulations.