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Three affiliated banks agreed to resolve OFAC's investigation into apparent violations of numerous economic sanctions programs, including those concerning weapons of mass destruction ("WMD") proliferation. According to the three Settlement Agreements (see here , here and here ), OFAC stated that UniCredit Bank AG, UniCredit Bank Austria AG and UniCredit S.p.A. processed payments through U.S. financial institutions without disclosing the involvement of sanctioned persons, in apparent violation of U.S. sanctions programs aimed at WMD proliferators and global terrorism, as well as Burma, Cuba